The TJX Companies, Inc. (TJX), an international off-price apparel and home fashions retailer, beat third-quarter top and bottom-line analyst expectations. The company posted net sales of $14.06 billion, surpassing the consensus estimate of $13.95 billion. Also, its EPS was $1.14 for the third quarter, compared to analysts’ expectations of $1.10.
TJX Companies marked significant milestones during the third quarter. Its consolidated comparable store sales increased by 3%, driven by an increase in customer transactions. Also, the company successfully completed its investment in the joint venture with Grupo Axo and paid $423 million as shareholder dividends during the quarter.
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