TJX Cos. said its fiscal third-quarter profit rose 8%, and the off-price retailer slightly boosted its earnings forecast for the fourth quarter.
The company also outlined long-term plans to expand by nearly 1,000 stores, and TJX's shares rose nearly 4%.
The owner of more than 2,500 discount stores, including T.J. Maxx and Marshalls, said third-quarter apparel sales were hurt by unseasonably warm early-fall weather, although sales have gone up in recent weeks as seasonably cool weather has settled in.
