T.J. Maxx parent TJX misses holiday-quarter sales estimates
7:39 am Wednesday, February 24th, 2021
(Reuters) – Discount store operator TJX Cos Inc missed estimates for quarterly net sales on Wednesday, as coronavirus-induced lockdowns in Europe and Canada pressured sales of non-essential products such as footwear and apparel.
Net sales fell to $10.94 billion in the fourth quarter ended Jan. 30, from $12.21 billion a year earlier. Analysts had expected sales of $11.48 billion, according to IBES data from Refinitiv.
(Reporting by Praveen Paramasivam in Bengaluru; Editing by Shounak Dasgupta)
