TJX And Ross Stores Prove Off-Price Retailers' Ability To Profit Even During Challenging Economic Times

Benzinga05-25

On Wednesday, The TJX Companies, Inc. (NYSE: TJX) reported its first quarter results, proving its resilience amid a challenging macroeconomic climate, unlike Target Corporation (NYSE: TGT). Although ...

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(NYSE: TJX) reported its first quarter results, proving its resilience amid a challenging macroeconomic climate, unlike Target Corporation (NYSE: TGT). Although ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tjx-ross-stores-prove-off-172511747.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4533","symbol_name":"AQR资本管理(全球第二大对冲基金)","start_time":0,"source_url":"https://finance.yahoo.com/news/tjx-ross-stores-prove-off-172511747.html","article_id":"2438065007","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/6IdL1s70NOGVPAKa.jsKVg--~B/aD02NzU7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/Benzinga/d4d13378daa5e7e2145e2f5ab8d95cd1"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2438065007","pubTimestamp":1716571511,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"On Wednesday,The TJX Companies, Inc. reported its first quarter results, proving its resilience amid a challenging macroeconomic climate, unlike Target Corporation . Although same-store sales growth and second quarter guidance was disappointing, the off-price retailer topped earnings estimates and raised its full year guidance, like its peer Like Ross Stores Inc  that reported its quarterly results on Thursday.Unlike Target who reported another quarter of revenue decline and missed earnings estimates with its first quarter results, TJX and Ross Stores are off to a good start. Target reported its sales contracted 3% on a YoY basis, as consumers bought fewer everyday items like groceries and home decor. With its latest quarter, Target reflected softening trends in discretionary goods. Also, this was the first time since November 2022 that Target missed earnings expectations. Although Target, TJX and Ross Stores are all discounters, TJX and Ross Stores are in the ‘indulgent’ category as e","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4533":"AQR资本管理(全球第二大对冲基金)","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU2092937221.SGD":"Blackrock Circular Economy A2 SGD-H","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","BK4114":"综合货品商店","LU0823411888.USD":"法巴消费创新基金 Cap","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","BK4588":"碎股","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","BK4094":"服装零售","LU2041044095.USD":"Blackrock Circular Economy A2 USD","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","ABIL":"Ability Inc","BK4155":"大卖场与超市","BK4504":"桥水持仓","TGT":"塔吉特","ROST":"罗斯百货有限公司","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","BK4532":"文艺复兴科技持仓","TJX":"The TJX Companies Inc.","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","BK4592":"伊斯兰概念","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","BK4585":"ETF&股票定投概念"},"translate_title":"TJX和Ross商店证明了低价零售商即使在充满挑战的经济时期也能盈利","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TJX":1,"ABIL":1,"ROST":1,"TGT":0.9},"content_text":"On Wednesday, The TJX Companies, Inc. (NYSE: TJX) reported its first quarter results, proving its resilience amid a challenging macroeconomic climate, unlike Target Corporation (NYSE: TGT). Although same-store sales growth and second quarter guidance was disappointing, the off-price retailer topped earnings estimates and raised its full year guidance, like its peer Like Ross Stores Inc (NASDAQ: ROST) that reported its quarterly results on Thursday.  \nTJX’s First Quarter Highlights\nFor the quarter ended on May 4th, TJX Companies reported net sales grew 6% to $12.48 billion while comparable store sales rose 3% due to an increase in customer transactions. TJX reported net income rose as much as 20% to $1.07 billion, with gross profit margin improving to 30.0% during the first quarter of fiscal 2025. Diluted earnings per share rose 22% YoY to $0.93. Pretax margin rose from last year’s comparable quarter (10.3%) to 11.1%. During the quarter, TJX added 18 stores, bringing its total to 4,972 stores.\nTJX’s Guidance\nFor the full year, TJX guided for comparable store sales growth to be between 2% and 3%, while guiding for a pretax profit margin between 11% and 11.1%.\nRoss Stores’ First Quarter Highlights\nFor the May quarter, Ross Stores reported revenue of $4.86 billion, which surpassed LSEG’s estimate of  Wall Street’s $4.83 billion. Earnings per share of $1.46 also surpassed Wall Street’s $1.35 estimate. Ross Stores also lifted its guidance\nFor the full year, Ross Stores also raised its earnings guidance up from its prior range that was between $5.64 to $5.89, as it now expects them between $5.79 and $5.98 per share. Ross Stores also expects fiscal 2024 comparable store to rise between 2% and 3%.\nUnlike Target, Ross Stores and TJX began the second quarter on strong footing.\nUnlike Target who reported another quarter of revenue decline and missed earnings estimates with its first quarter results, TJX and Ross Stores are off to a good start. Target reported its sales contracted 3% on a YoY basis, as consumers bought fewer everyday items like groceries and home decor. With its latest quarter, Target reflected softening trends in discretionary goods. Also, this was the first time since November 2022 that Target missed earnings expectations. Although Target, TJX and Ross Stores are all discounters, TJX and Ross Stores are in the ‘indulgent’ category as even during challenging times, “clothes still make the man” and self-indulging in one's wardrobe can help people feel better.\nTJX and Ross Stores owe it all to steady demand for off-price offerings on the ‘indulgent’ front.\nDespite ongoing uncertainty that is shaping the macroeconomic and geopolitical environment, along with prolonged inflation that is weakening the purchasing power of low-to-moderate income customers, TJX and Ross Stores achieved better than expected profitability due to strong demand and eased costs. With their latest reported quarters, TJX and Ross Stores are proof that off-retailers are like indestructible organisms that can flourish under all economic conditions. Especially when their offerings help people feel better or at the very least, influence how others perceive them.\nDISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.\nThis article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.\n\"ACTIVE INVESTORS' SECRET WEAPON\" Supercharge Your Stock Market Game with the #1 \"news & everything else\" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n\nTJX COMPANIES (TJX): Free Stock Analysis Report\n\nThis article TJX And Ross Stores Prove Off-Price Retailers' Ability To Profit Even During Challenging Economic Times originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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