1906 ET [Dow Jones]--HomeGoods was a bright spot for TJX in the latest period, delivering what Jefferies analysts call a "standout" quarter. HomeGoods' same-store sales grew 7% in the period as its margins expanded, with management highlighting strength across virtually all categories from seasonal and decor to consumables and higher-ticket home categories, the analysts say. That broad-based strength suggests the business "is benefiting from both strong execution and weaker competitive positioning in home retail," they say. "As a result, mgmt sounded very bullish to us on HomeGoods' go-forward opportunity."
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.