Shares of TJX Companies were flat on Wednesday despite the off-price retailer delivering another fantastic quarterly report. Conservative guidance, while unsurprising, is likely to blame. Revenue in the three months ended Jan. 31 increased 8.5% year over year to $17.7 billion, exceeding the consensus estimate of $17.4 billion, according to LSEG. Earnings per share (EPS) hit $1.58, exceeding expectations of $1.23, LSEG data showed. Same-store sales increased 5%, beating the Street’s 3.7% estimate, according to FactSet. TJX 1Y mountain TJX 1-year return Bottom line TJX proved once again that its business model — acquiring excess inventory from high-quality brands and retailers to sell at a discount — is working, as increasingly…







