TJX Companies Says Sales Might Get Worse Before They Get Better
Investors weren't looking for sparkling quarterly results from TJX Companies (NYSE: TJX) given that most of its stores were closed for a big part of the second quarter. The off-price apparel retailer surpassed those low expectations by posting solid sales results for reopened stores and showing sharply improving finances.
Yet mounting demand and supply challenges convinced CEO Ernie Herrman and his team to issue a cautious outlook for the next quarter, which implies tough selling conditions through the rest of 2020. Executives explained those cross currents in a conference call with Wall Street analysts. Below are some highlights from that chat.
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Source Fool.com
