TJX Companies Boosts Annual Outlook, CEO Sees Long Runway For Global Growth And Market Share Gains

TJX Companies, Inc. (NYSE:TJX) shares are trading higher on Wednesday.

The company reported second-quarter earnings per share of $1.10, beating the analyst consensus estimate of $1.01.

Quarterly sales of $14.40 billion (+7% year over year) outpaced the Street view of $14.13 billion.

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Following the results, Telsey Advisory Group analyst Dana Telsey reiterated the Outperform rating on the stock, maintaining the price forecast of $150.

TJX Companies reported second-quarter consolidated comparable sales growth of 4%, exceeding its plan.

“Longer term, we are convinced that we have a long runway ahead to capture additional market share ...