TJX Executive Expects FY25 Gross Margin To Increase By 30 Basis Points To 30.2%
Portfolio Pulse from Benzinga Newsdesk
TJX Companies, Inc. anticipates an increase in its fiscal year 2025 gross margin by 30 basis points, reaching 30.2%.
August 21, 2024 | 3:37 pm
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POSITIVE IMPACT
TJX Companies, Inc. expects its FY25 gross margin to rise by 30 basis points to 30.2%, indicating potential profitability improvements.
The anticipated increase in gross margin suggests improved profitability for TJX, which is a positive indicator for investors. This could lead to a favorable short-term impact on the stock price as it reflects operational efficiency and potential revenue growth.
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