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Behind TJX Companies’ Strong Q2 2019 Sales Growth

Sharon Bailey
Updated
Behind TJX Companies’ Strong Q2 2019 Sales Growth

TJX Companies’ (TJX) sales grew 11.6% to $9.3 billion in the second fiscal quarter of 2019, which ended on August 4. The company’s second fiscal quarter sales beat analysts’ expectation of $9.0 billion. TJX Companies’ same-store sales grew 6% in the second fiscal quarter, which was double the 3% growth in the second fiscal quarter of 2018. Higher consumer traffic in all of the company’s divisions boosted the top-line growth during the quarter. TJX Companies experienced higher consumer traffic for the 16th consecutive quarter.

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