The TJX Companies, Inc. (TJX) reported U.S. quarterly sales growth of 7.4%, above consensus of 5.9% and close to Consumer Edge’s Implied Reported Growth of 7.7%. On a segment level, Homegoods sales were up 11.2%, above consensus of 6.4% and close to Consumer Edge Implied Reported Growth of 12.0%. Marmaxx reported up 7.4%, above consensus of 5.7% and close to CE Implied Reported growth of 6.7%. As a result of these beats, TJX stock price was up as much as 5% in pre-market trading.
Notes: Consumer Edge U.S. Card Data. Panel reflects observed CE panel growth; Implied Reported applies CE’s panel-to-reported conversion. Consensus figures sourced from Street estimates as of the report date.
