TJX Companies Project Robust Growth During The Rest Of 2019

TJX Companies reported an increase of 4.8% of net sales of $9781.6 Million for the second quarter of fiscal 2019, which ended August 3, 2019. Net earnings per share were $0.62, an increase of 7% over the $0.58 reported in the previous year. However, consolidated sales increased by only 2% in comparable stores in the quarter. Home Goods made some missteps, is currently stagnant with no increase in sales as well as some unanticipated steep markdowns in the quarter. The company’s management is very excited about the rest of the fiscal year because of the greater availability of merchandise in the United States and Europe. That leads one to think that earnings might be better than projected. Read more at Forbes.