Ross, TJX, Burlington and a few other retail chains allegedly sold accessories with high leveles of lead, according to a new report.
Retail US' TJX Companies' net sales soar 9% in Q3 FY24 17 Nov '23 3 min read Pic: Joe Hendrickson - stock.adobe.com Insights TJX Companies reported a 9 per cent increase in Q3 FY24 net sales to $13.3 billion, with a 6 per cent rise in comparable store sales. Net income was $1.2 billion, and earnings per share increased significantly. For the first nine months of fiscal 2024, net sales were $37.8 billion, a 7 per cent increase from the same period in fiscal 2023. TJX Companies, a leading US-based off-price retailer, has reported net sales of $13.3 billion for the third quarter of fiscal 2024 (Q3 FY24), marking a notable 9 per cent increase compared to the third quarter of fiscal 2023. This growth was accompanied by a 6 per cent rise in overall comparable store sales.Net income for the quarter stood at an impressive $1.2 billion. Additionally, diluted earnings per share increased to $1.03, up 13 per cent from $0.91 in Q3 FY23. When compared to the adjusted diluted earnings per share of $0.86 from the same quarter last year, this represents a substantial 20 per cent increase, TJX Companies said in a press release.TJX Companies reported a 9 per cent increase in Q3 FY24 net sales to $13.3 billion, with a 6 per cent rise in comparable store sales. Net income was $1.2 billion, and earnings per share increased significantly. For the first nine months of fiscal 2024, net sales were $37.8 billion, a 7 per cent increase from the same period in fiscal 2023.The company's pre-tax profit margin for Q3 FY24 was 12 per cent, exceeding both the company's expectations and the 11.2 per cent margin reported in the same quarter of the previous year. Gross profit margin also saw an improvement, reaching 31.1 per cent, a 2-percentage-point increase from Q3 FY23.Despite these gains, selling, general, and administrative costs as a percent of sales for Q3 FY24 were up to 19.4 per cent, a 1.4 percentage point increase from the third quarter of fiscal 2023.TJX Companies maintained a stable inventory level, with total inventories as of October 28, 2023, remaining at $8.3 billion, consistent with the end of the third quarter of fiscal 2023.In terms of expansion, the company increased its store count by 50 stores, bringing the total to 4,934 stores. This expansion also included a 1 per cent increase in total square footage compared to the prior quarter.“I am particularly pleased with the results at our Marmaxx division, which delivered terrific comp sales increases entirely driven by customer traffic. Customer traffic was up across all divisions, our overall apparel sales remained very strong, and home sales were outstanding and accelerated sequentially versus the second quarter. Across our geographies and wide customer demographic, our values and exciting, treasure-hunt shopping experience continued to resonate with consumers,” said Ernie Herrman, chief executive officer and president of The TJX Companies.Looking at the first nine months of fiscal 2024, net sales were $37.8 billion, a 7 per cent increase from the same period in fiscal 2023. Comparable store sales for this period grew by 5 per cent. Net income for the first nine months reached $3.1 billion, with diluted earnings per share climbing to $2.65, a significant 27 per cent increase from $2.08 in the first nine months of fiscal 2023. Compared to the adjusted diluted earnings per share of $2.22 for the same period last year, this represents a 19 per cent increase, the release added. Fibre2Fashion News Desk (DP) More TJX Companies News... More Retail News - United States Of America...
TJX Canada gift cards are redeemable at any WINNERS, HomeSense or Marshalls locations across Canada. One gift card to bring you the latest styles, brand names and designer fashions for yourself, your family and your home all at surprisingly low prices. Plus, we bring in thousands of new arrivals every week, so you’re sure to find something new and wonderful every time you visit. After Purchase & FAQs •eGift Cards are non-refundable and non-returnable. •You will not be shipped a physical product. •You will receive a confirmation email from Walmart Canada within 90 minutes of successful order placement. •A second email from [email protected] with access to your eGift Card code will be delivered within 90 minutes. * •The second email can only be sent to the email address you used to place your order and cannot be redirected to a different email address. •If you have issues receiving your email, go to the following webpage to access your purchase: https://giftcards-locker.walmart.ca. Enter your email address used to order on Walmart.ca and your Walmart.ca order number (your order number can be found on your confirmation email from Walmart.ca or in your Account Order History on Walmart.ca) and you can re-send the email to your inbox with the link to your eGift Card enclosed. •To send your eGift Card as a gift, access the Digital Gift Card Centre and click the ‘Send as Gift’ button. •To view frequently asked questions about this product, visit https://giftcards-locker.walmart.ca/faq.xhtml?lang=en •Walmart Canada is not responsible for stolen or misplaced eGift Card codes. * eGift Card codes are usually delivered within 90 minutes or, at most, within 48 hours depending on additional order validation required by Walmart Canada or your Credit Card company.
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