TJX Stock Falls After T.J. Maxx, Marshalls Parent Issues Outlook

TJX beat Wall Street estimates for the third quarter, but its guidance failed to impress investors ahead of what’s expected to be a tepid holiday shopping season.

The off-price retailer posted higher quarterly sales, indicating consumers are still willing to spend on deals as they manage ongoing inflation. But investors quickly honed in on TJX’s outlook for the fourth quarter.

Shares of TJX, up 16% on the year, edged down nearly 3% in premarket trading.

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