#1 – TJX (TJX)
Amazingly, earnings at TJX (TJX) — the parent of TJ Maxx, HomeGoods and Marshall’s — have grown for more than two years, even though the chain appeals to the same budget-conscious customers that seem to be avoiding Walmart and other discount retail stocks.
During the most recent quarter, same-store sales at TJX rose 5%, beating the company’s internal expectations of about 4%. HomeGoods alone reported a 10% gain in that key retail metric.
During the company’s recent earnings conference call, CEO Carol Meyrowitz struck a positive note, adding that TJX is “confident that we will become a substantially bigger company, driving both the top and bottom line. ”