With a strong Q3 earnings report, TJX Companies generated a sales jump of 6% to $14.1 billion, beating expectations. The Wall Street target price is set at $130.89. It reported an EPS surge of 11%, signifying global expansion and a strengthening market presence. Praise for TJX comes from Jim Cramer, highlighting the stock's attractive points for bargain seekers. Surprisingly, TJX increased its dividend to $0.375 quarterly, showcasing global retail dominance. Reports indicate Q3 comp store sales growth of 3% at high-end of the plan. full-year guidance was also raised, along with a 5.6% sales gain for the most recent quarter. Furthermore, TJX has announced a joint venture in Mexico with Grupo Axo, which coincides with a striking 6% sales surge to $25.9 billion in H1 FY25. Additionally, they foresee the potential to add more than 1300 new stores.
Tjx Companies TJX News Analytics from Wed, 08 May 2024 07:00:00 GMT to Fri, 27 Dec 2024 14:13:00 GMT - Rating 7 - Innovation 5 - Information 8 - Rumor -3
