TJX (TJX) shares fell over 3% Wednesday after t🍬he "off-price" retailer lowered its profit guidance and missed estimates for the key holiday shoppꦚing period.

The operator of T.J. Maxx, Marshalls, and other stores said it expects that current quarter 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) will be between $0.97 and $1, down from its previous outlook of $1 to $1.03. Analysts had been looking for $1.13.

The compan♈y explained that the reduced quarterly profit forecast related to the timing of expenses. TJX raised its full-year EPS forecast to a range of $3.61 to $3.64 from its prior guidance of $3.56 to $3.62, al🐬though that also was short of expectations.

The changes in forward outlook came as the company reported better-than-expected third quarter fiscal 2024 results, with EPS of $1.03 and revenue increasing 9% from a year ago to $13.3 billion. 澳洲幸运5官方开奖结果体彩网:Comparable store sales were up 6%, which TJX explained was entirely because of customer t🍃raffic.

CEO Ernie Herrman noted that he was especially pleased with the gains in comparable store sales at the firm's Marmaxx and HomeGoods stores, which were up 7% and 9%, respectively. He added that overall apparel sales remained strong, and home goods sales accelerated from the previous quarter. Herrman also said that the fourth quarter was "off to a strong start."

Although TJX shares lost ground Wednesday, they remained in positive territory for the year.