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Why Discount Retailers Like TJX May Store Their Fair Share of Market Treasure

Video Credit: The Street - Duration: 01:29s - Published
Why Discount Retailers Like TJX May Store Their Fair Share of Market Treasure

Why Discount Retailers Like TJX May Store Their Fair Share of Market Treasure

TJX reported third-quarter earnings of $828.3 million, or 68 cents a share, vs.

$739.6 million, or 63 cents a share, in the year-ago.

Analysts polled by FactSet had been expecting earnings of 66 cents a share.

Sales came in at $10.45 billion, above sales of $9.8 billion a year ago and above analysts' estimates of $10.32 billion.

Same-store sales, a key metric in retail, gained 4% during the quarter, the company said.

Watch the full video to hear Jeff Marks, senior portfolio analyst with Action Alerts PLUS, weigh in on TJX and other treasure hunting store stocks.

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