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TJX offsets freight surge with price rise, cost cuts

Cons. Discr. - Apparel 451 Corp - Shipping 939 Earnings 668 Quote Watch 439 U.S. 5211

TJX reported an increase of revenues of 81.1% year over year that exceeded expectations by 10.0%. Nonetheless, CFO Scott Goldenberg noted in the companies earnings call that they expected freight, supply chain and wage costs to be higher” in the second half. Imports associated with the company show that they may have hit headwinds in 2021 with imports increasing by 295.0% year over year when compared to 2020, but down by 7.4% when compared to the three months to July 31 in 2019. One strategy that TJX may have employed to try and solve these problems is to consolidate shipping through a s...

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