Hints and tips:
...The stock, worth $345 when the company went public in October 2021, now trades at just over $11, to give RTR a market value of $41mn....
...The company is forecast to swing to a profit of $1.29 a share after a loss of 10 cents a share a year earlier. Other companies: TJX Companies will report earnings before the bell....
...The issue of board oversight came up last year at TJX, the parent company of TJ Maxx (known outside North America as TK Maxx)....
...TJX Companies, which owns discount retail chains TJ Maxx and Marshalls, reported better than expected results on Wednesday and raised its full-year outlook for earnings and comparable sales....
...Discount retailer TJX Companies is also reporting earnings before the bell....
...While Target shares are down 29 per cent over the past 12 months, TJX shares have gained as much....
...Company earnings: Salesforce, TJX Companies, Paramount Global, AMC Entertainment, Monster Beverages, HP, Baidu and the National Bank of Canada report results....
...And it isn’t clear what exactly the investors want to do with the company post-buyout....
...Walmart, and discount retailers TJX and Ross Stores, all reported an uptick in customer traffic and comparable sales growth....
...The discount clothing chains TJX and Ross Stores reported strong same-store sales and good margin performance in the third quarter. Their consumer is just fine....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Retail earnings: Investors will receive the latest observations on the mood of the American consumer when Target and TJX Companies report this morning....
...TJX Companies said on Wednesday it expected diluted earnings per share in a range between $3.29 and $3.41 this fiscal year, below Wall Street estimates of $3.57 a share, according to Refinitiv....
...And again, why isn’t a pinched consumer showing up in consumer discretionary stocks such as, say, Domino’s, Amazon or TJX?...
...Other earnings: Online artisan marketplace Etsy, retailer TJX Companies, luxury electric vehicle maker Lucid Motors, oil and gas exploration and producer Pioneer Natural Resources, and phosphate and fertiliser...
...Here’s what else I’m watching today: Retail earnings: Target and TJX Companies report this morning....
...The largest — TJX — owns TJ Maxx, Marshalls, and HomeGoods. It boasts a market value of $71bn, making it the sixth-biggest bricks-and-mortar retailer in the US by that metric....
...Home Depot was similarly gloomy, as was discount chain TJX....
...Walmart was up 0.4 per cent, while off-price retailer TJX jumped 3.3 per cent after lifting its full-year outlook on Wednesday....
...Results at Home Depot, Lowe’s and TJX had some puts and takes, but were basically solid....
...Other companies: Off-price retailer TJX, home improvement retailer Lowe’s and doughnut maker Krispy Kreme are reporting before the bell today. Retailer Bath & Body Works is reporting after the bell....
...Lane is a director of NextEra Energy and retailer TJX Companies, while Vena recently served as chief operating officer of railroad company Union Pacific Corporation....
...Other earnings: Other companies reporting before the bell include home improvement retailer Lowe’s and department store operator TJX Companies. Cisco and Bath & Body Works will report after the bell....
...The biggest of these is TJX, which owns TJ Maxx, Marshalls and HomeGoods. The misfortunes of some retail zombies may bring life to other store chains. Enjoy the rest of your week....
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