Tags: sales | Marshalls | TJX | apparel

Retailer TJX Posts Lower-Than-Expected Quarterly Sales

Tuesday, 20 May 2014 09:07 AM

TJX Cos. Inc., the owner of off-price chains TJX Maxx and Marshalls, reported lower-than-expected quarterly revenue as sales of discretionary items such as apparel and home goods were weaker than expected.

The company's net sales rose 4.9 percent to $6.49 billion in the first quarter ended May 3, but fell short of the analysts' average expectation of $6.6 billion, according to Thomson Reuters I/B/E/S.

Net income inched up to $454.3 million, or 64 cents per share, from $452.9 million, or 62 cents per share, a year earlier.

© 2017 Thomson/Reuters. All rights reserved.

 
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TJX Cos. Inc., the owner of off-price chains TJX Maxx and Marshalls, reported lower-than-expected quarterly revenue as sales of discretionary items such as apparel and home goods were weaker than expected.
sales, Marshalls, TJX, apparel
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2014-07-20
Tuesday, 20 May 2014 09:07 AM
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