HomeGoods parent TJX beats earnings and sales expectations

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TJX Cos. TJX, -1.71% reported fiscal second-quarter nett income of $785.7 million, oregon 64 cents per share, aft a nonaccomplishment of $214.2 million, oregon 18 cents per share, past year. Sales totaled $12.08 billion, up from $6.67 cardinal past year. The FactSet statement was for EPS of 59 cents and income of $11.00 billion. TJX says second-quarter store closures owed to COVID-19, which were chiefly successful Canada, Europe and Australia, wounded income by $300 cardinal to $350 million, and EPS by 5 cents to 7 cents. TJX open-only comp store sales, a measurement of income maturation astatine stores unfastened during the astir caller 4th and income of those stores connected the aforesaid days successful fiscal 2020, roseate 20%. TJX chains see HomeGoods, TJ Maxx and Marshalls. TJX banal has gained 1.3% for the twelvemonth to day portion the S&P 500 scale SPX, -0.71% is up 18.4% for the period.

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