TJX Companies Q2 FY24 Overall Comp Store Sales +6%, Comp Store Sales at Marmaxx +8%
Portfolio Pulse from Benzinga Newsdesk
TJX Companies reported Q2 FY24 overall comp store sales increase of 6%, driven by customer traffic. Comp store sales at Marmaxx increased by 8%. The company's pretax profit margin was 10.4%, up 1.2 percentage points from last year. Diluted earnings per share were $.85, up 23% from last year. The company returned $932 million to shareholders through share repurchases and dividends and increased its outlook for FY24 overall comp store sales, pretax profit margin, and earnings per share.
August 16, 2023 | 11:32 am
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TJX Companies reported strong Q2 FY24 results, which could positively impact its stock price.
TJX Companies reported strong Q2 FY24 results, with increases in overall comp store sales, pretax profit margin, and earnings per share. This positive financial performance could increase investor confidence and drive up the company's stock price.
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