TJX Shares Drop Despite Strong Start To Holiday Season. CEO Lauds TJX’s Appeal To Wide Audience As Comparable Sales See Continued Gains.

TJX shares fell in early Wednesday trading despite a strong holiday season start as its guidance disappointed Wall Street expectations. The retailer exceeded Wall Street's third-quarter expectations but issued holiday earnings guidance below forecasts. CEO Ernie Herrman credited increased customer transactions and the company's unique shopping experience for driving comparable sales growth. Despite concerns that warm weather could reduce apparel sales for TJX and other off-price retailers, the impact on TJX's sales was minimal.