Retail News

TJX lowers its forecast as consumers cut discretionary spending

Reuters/U.S. News & World Report 08/17/2022

TJX Cos, which operates HomeGoods, Marshalls and T.J. Maxx, has cut its annual earnings forecast after pointing to a slowdown in discretionary spending necessitated by rising prices. The retail chain operator expects adjusted per-share earnings of $3.05 to $3.13 in the current fiscal year, down from its guidance of $3.13 to $3.20.

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