What Drove TJX Companies’ Strong Sales Growth in Fiscal Q1 2019?
TJX Companies (TJX) has surpassed analysts’ expectations for the seventh time in the past nine quarters. Its net sales of $8.7 billion in the first quarter of fiscal 2019 came in ahead of the consensus analyst estimate of $8.5 billion. Investors were impressed with the 11.6% year-over-year growth compared to 3.2% sales growth in the previous year.