T.J. Maxx owner misses quarterly sales estimates

[February 23, 2022]  (Reuters) - TJX Cos Inc missed Wall Street estimates for quarterly sales on Wednesday, hurt by temporary store closures due to the COVID-19 pandemic.

The company's net sales rose 14% to $13.85 billion in the fourth quarter ended Jan. 29, missing analysts' estimates of $14.22 billion, according to IBES data from Refinitiv.

(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Amy Caren Daniel)

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