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flag TJX reports strong holiday earnings but predicts slower growth due to currency challenges.

flag Off-price retailer TJX Companies, parent of T.J. Maxx, Marshall's, and HomeGoods, has reported strong holiday quarter earnings, exceeding Wall Street's expectations. flag However, the company's outlook for the current fiscal year is weaker, with comparable sales growth expected to rise only 2-3%, below analyst predictions. flag TJX attributes the slowdown to a strong U.S. dollar and unfavorable exchange rates. flag Despite the lowered guidance, the company plans to increase its quarterly dividend by 13% and repurchase up to $2.5 billion of its stock.

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