1. Corporate Finance

Off-price retailer TJX’s quarterly results show strong demand. We’re unconcerned by a softer profit outlook

Written by Posted on Less than 0 min read

​  

​  

TJX Companies (TJX) reported solid fiscal fourth-quarter 2023 results Wednesday, as stronger-than-expected sales highlighted robust consumer demand. 

View Original Article
Member since
CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all platforms. https://www.cnbc.com
Do you like CNBC's articles? Follow on social!

More from CNBC

  1. Channel: Ecommerce & Digital

Amazon’s Buy with Prime is a positive step, but the stock is still expensive

[[“value”:”Amazon ‘s (AMZN) soon-to-be widely available Buy with Prime service, which allows Prime members to use their Amazon accounts to shop with other online merchants, could be a profitable revenue channel for the e-commerce giant. However, the Club holding’s stock is still expensive, a high multiple compared to the broader stock market. Amazon on Tuesday […]
3 min read
0
  1. Channel: Restaurants

McDonald’s and Starbucks blame the Israel-Hamas war for slower sales — and the recovery might take a while

The Israel-Hamas war and related boycotts hurt Starbucks’ and McDonald’s sales in the latest quarter. View Original Article Restaurants CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per […]
< 1 min read
0
  1. Corporate Strategy

Wall Street isn’t pleased that Kevin Plank is returning as Under Armour’s CEO, shares plunge 12%

Stephanie Linnartz, a former Marriott executive who took over at Under Armour in February 2023, is the second CEO UAA has cycled through in less than two years. View Original Article Executives Economy CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time […]
< 1 min read
0
  1. Department: Consumer Durables

Hasbro, Mattel shares rise as toymakers announce multiyear licensing agreement, increased IP focus

​ ​Hasbro, Mattel and other toy stocks rallied on Thursday after mixed earnings reports from the two rival toymakers.  View Original Article Dept. Toys & Games Results & Investment CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business […]
< 1 min read
0
  1. Trends & External Forces

What to watch for this earnings season: Inflation, consumer health, dollar strength, oil prices

Third-quarter earnings season officially gets underway this week amid a slew of macroeconomic pressures. These are the 4 factors we’ll be looking at. View Original Article Dept. Fuel Results & Investment Consumers Economy Health & Wellness CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news […]
< 1 min read
0
  1. Trends & External Forces

P&G CEO’s upbeat take on the economy makes the consumer staples giant even more attractive in 2023

 The chief executive of Club holding Procter & Gamble (PG) on Thursday said inflation appears to be easing and pressure from a strong U.S. dollar abating.  View Original Article Procter & Gamble Executives Consumers Economy CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and […]
< 1 min read
0
  1. Holiday & Events

Back-to-school shopping takes ‘a major financial toll’ amid high inflation. Here’s how to save on supplies for the fall

Top tips to save on school supplies as back-to-school shopping takes a bigger bite of the budget this year. View Original Article Results & Investment Economy Holiday & Events CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and […]
< 1 min read
0
  1. Operations & Supply Chain

American Eagle is pitching a ‘frenemy network’ of vertical logistics to its retail peers — and it’s paying off

In the past year, American Eagle has acquired two supply chain businesses in order to build out a logistics platform. View Original Article Operations & Supply Chain CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content […]
< 1 min read
0
  1. Uncategorized

Peloton quietly drops unlimited free app membership because it failed to bring in paid subscribers

Peloton debuted an unlimited free membership option for its app last year in a bid to win over new customers, but the company quietly ended the initiative. View Original Article CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage […]
< 1 min read
0
  1. Corporate Finance

Bed Bath & Beyond’s potential bankruptcy would create long-term growth for off-price retailer and Club holding TJX

[[“value”:”Existential troubles facing Bed Bath & Beyond (BBBY) are creating an opportunity for Club holding TJX Companies (TJX) to take market share.”]]  View Original Article Results & Investment Bankruptcy Bed Bath & Beyond CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time […]
< 1 min read
0
  1. Trends & External Forces

Walmart lays off corporate employees after slashing forecast

The layoffs come about a week after the company slashed its profit outlook and warned that consumers had pulled back on discretionary spending due to inflation. View Original Article Economy Predictions and Forecasts Associates Walmart Consumers CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news […]
< 1 min read
0
  1. Shopper & Customer

The Club’s recession-resistant retail stocks won’t be hurt by a ‘more reluctant’ U.S. consumer

​   ​  [[“value”:”American shoppers dramatically reined in spending in February compared with the start of the year, amid persistently high inflation.”]]    View Original Article Consumers Economy Shoppers CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content […]
< 1 min read
0
  1. Channel: Restaurants

McDonald’s says it’s planning to reopen some restaurants in Ukraine

The fast-food giant said it will begin a phased re-opening of restaurants, beginning in Kyiv and western Ukraine. View Original Article Dept. Grocery Strategy Restaurants CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by […]
< 1 min read
0
  1. Shopper & Customer

‘Guilt tipping’ is getting out of control, but signs show consumers are pushing back

Recent reports show shoppers are experiencing “tip fatigue” and starting to tip less — and resent “guilt tipping” even more. View Original Article Consumers Shoppers CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than […]
< 1 min read
0
  1. Uncategorized

Sweetgreen shares tumble after salad chain lowers revenue outlook

View Original Article CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all platforms. https://www.cnbc.com Do you like CNBC's articles? Follow on social!
< 1 min read
0
  1. Trends & External Forces

Shifting to life post-Covid: How remote work transformed this city in the Midwest

​[[“value”:”Lansing, Michigan is one example of how downtowns have attempted to move away from office-centric economies.”]]  View Original Article COVID19 Dept. Nonfood CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 […]
< 1 min read
0
  1. Trends & External Forces

Beyond Meat cuts revenue outlook, says it’s trimming workforce

KEY POINTS Beyond Meat lowered its 2022 revenue forecast and announced it will trim its workforce by 4% The company cited inflation, rising interest rates and recession concerns for the revised outlook. The company’s net sales also dropped 1.6% to $147 million and its net loss widened. Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, […]
2 min read
0
  1. Trends & External Forces

February was a great month for Wall Street. These were our 5 best-performing stocks

The majority of our 32-stock portfolio ended February in the green, but five holdings led by Nvidia separated from the pack. View Original Article Economy CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by […]
< 1 min read
0
  1. Channel: Restaurants

Popeyes overtakes KFC as No. 2 chicken chain, but Chick-fil-A stays on top

​[[“value”:”Both Popeyes and KFC have lost market share to Chick-fil-A over the past year, according to Barclays research.”]]  View Original Article Restaurants Technology & Innovation CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by […]
< 1 min read
0
Next