On Wednesday, The TJX Companies, Inc. (NYSE:TJX) reported its first quarter results, proving its resilience amid a challenging macroeconomic climate, unlike Target Corporation (NYSE:TGT). Although same-store sales growth and second quarter guidance was disappointing, the off-price retailer topped earnings estimates and raised its full year guidance, like its peer Like Ross Stores Inc (NASDAQ:ROST) that reported its quarterly results on Thursday.

TJX's First Quarter Highlights

For the quarter ended on May 4th, TJX Companies reported net sales grew 6% to $12.48 billion while comparable store sales rose 3% due to an increase in customer transactions. TJX reported net...