TJX Companies Inc
TJX: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| ?Gd | LOCK|R#< | LOCK|rn!!HrX |
TJX Earnings: Global Banners and HomeGoods Offset Marmaxx Execution Missteps; Shares Overvalued
TJX's second-quarter results featured a 4% comparable sales increase and adjusted EPS of $1.22 (up 11%). Adjusted gross margin expanded 70 basis points (to 31.4%), reflecting improved merchandise margins. This gain was partly offset by a 20-basis-point rise in operating costs from higher wages.
