Is TJX Companies a Buy Right Now?

TJX Companies (NYSE: TJX) is making a slow but steady return to more normal operating results. The off-price retailing chain announced on May 18 that sales growth was flat for the first quarter of fiscal 2023, which ended in late April. Gross profitability fell, too, thanks to surging costs.

But the chain had good news to report to investors, including the prospect for higher margins and cash flow ahead, along with a return to a steadily growing sales pace over the next few quarters.

Let's take a closer look.

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Source Fool.com