What we learned from TJX (ROST Earnings)

May 23, 2024

TJX played out just as we expected earlier this week. LikeFolio's earnings signal for the discount retailer was Bullish (+41) due to sustained growth in mention volume and web traffic and superior levels of consumer happiness.

TJX reported better-than-expected earnings of 93 cents per share on $12.5 billion in sales, surpassing analysts' expectations of 88 cents per share. Despite missing same-store sales growth estimates, the company's stock popped immediately following on raised full-year guidance.

We can use this company as a comparative benchmark for another name set to report earnings Thursday, May 23 after the bell.

Is ROST set to follow in TJX footsteps?

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