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TJX reports Q1 earnings slightly down but beats estimates, with revenue up 5.1% to $13.11B.
TJX Companies, Inc., parent of T.J.Maxx, Marshalls, and HomeGoods, reported Q1 earnings of $0.92 per share, slightly below last year's $0.93 but beating analyst estimates of $0.91.
Revenue rose to $13.11 billion, a 5.1% increase from the previous year.
Despite a projected 2% to 3% sales growth for the next quarter, TJX reaffirmed its full year outlook with net income per share expected between $4.34 and $4.43, up from last year's $4.26.
The company faces additional tariff costs but maintains a strong market position.
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TJX reporta ganancias del primer trimestre ligeramente bajas, pero superan las estimaciones, con ingresos un 5,1% a $13.11B.