Marshalls Owner TJX Surges After Sales Blow Past Estimates
- The shares climb as much as 8.8%, the most in two years
- Full-year profit forecast trails analysts’ estimates
A pedestrian passes in front of a Marshalls and TJ Maxx store in Chicago, Illinois.
Photographer: Taylor Glascock/BloombergThis article is for subscribers only.
TJX Cos., owner of the Marshalls and TJ Maxx chains, jumped the most in two years after posting sales that far outpaced Wall Street estimates.
Comparable stores sales -- a key metric for retailers -- grew by 6% in the fourth quarter, the company said Wednesday. That was almost double the 3.2% growth analysts had predicted, according to Consensus Metrix.