Macy's & TJX Boost Dividends, Despite Retail Challenges
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Macys and TJX Companies, retail giants, announce dividend hikes. Macys boosts by 5% to $0.19 per share, TJX by 13% to $0.48 per share. Macys net sales drop 2.4% but comparable sales grow 1.5%, adjusted net income falls 14%. TJX thrives amid inflation, net sales up 7%, comparable sales up 5%, net income up 13%. Macys predicts slight revenue dip, TJX modest growth. Solid yields offered, but brighter growth picks may exist.
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