The TJX Companies, Inc. TJXis slated to release first-quarter fiscal 2019 on May 22. This off-price retailer has been witnessing year-over-year growth in the top and the bottom line for over a year now, buoyed by the company’s robust efforts to attract traffic and drive sales. Let’s see what’s in store for the company’s upcoming quarterly results.
Efforts to Drive Sales Bode Well
TJX Companies has been delivering positive comparable store sales (comps) for a while. Notably, during the fourth quarter of fiscal 2018, TJX Companies witnessed growth of 4% in comps. Notably, all major segments reported higher comps, courtesy of consumers’ favorable response to the company’s brands and impressive merchandise assortments at reasonable prices.
Further, management stated that it is optimistic about comps growth in fiscal 2019 as it continues to focus on implementing sales-driving efforts to attract traffic. Management hopes that stores will benefit from solid merchandise assortment and brands.