February 27, 2019 / 1:36 PM / 7 months ago

TJX holiday quarter same-stores sales beat estimates

Feb 27 (Reuters) - Off-price apparel retailer TJX Cos Inc reported better-than-expected quarterly same-store sales on Wednesday, as steep discounts drove more shoppers to its T.J. Maxx and Marshalls stores during the holiday season.

TJX reported a 6 percent rise in comparable-store sales, beating analysts’ average estimate of a 3.54 percent rise, according to IBES data from Refinitiv.

Net sales rose to $11.13 billion from $10.96 billion. (Reporting by Soundarya J in Bengaluru; Editing by Shounak Dasgupta)

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