Why TJX Stock Jumped Today

·2 min read
Why TJX Stock Jumped Today

Shares of The TJX Companies (NYSE: TJX) were up 9.2% as of 10:47 a.m. ET on Wednesday after reporting better-than-expected earnings results. The positive reaction to TJX's sales performance was the opposite of what happened with shares of Walmart and Target after the retail giants reported disappointing numbers recently. For the fiscal first quarter ended April 30, TJX reported net sales of $11.4 billion, up 13% year over year, while comparable-store sales excluding e-commerce were flat.

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