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TJX Cos. Tops Sales Estimates but Outlook Falls Short. Why Wall Street Is Still Bullish.

TJX Cos. Tops Sales Estimates but Outlook Falls Short. Why Wall Street Is Still Bullish.

The appeal of bargain-hunting was alive and well during the holiday season, with off-price retailer TJX Cos. beating expectations for its fourth-quarter sales. TJX’s fourth-quarter sales jumped 13% to $16.4 billion, topping consensus estimates for $16.2 billion, according to FactSet.