TJX Cos., the owner of off-price chains T.J. Maxx and Marshalls, on
Shares of the company skidded more than 5 percent to $72.99 before the bell.
TJX’s 1 percent rise in comparable-store sales in the first quarter ended April 29 missed the 1.5 percent rise estimated by analysts polled by research firm Consensus Metrix.
The company reported a 3.2 percent rise in sales to $7.78 billion in the quarter, from a year earlier.
The Framingham, Massachusetts-based company’s net income rose to $536.3 million, or 82 cents per share, from $508.3 million, or 76 cents per share.
—CNBC contributed to this report.