菜单

Panjiva_research_logo

TJX offsets freight surge with price rise, cost cuts

Cons. Discr. - Apparel 449 Corp - Shipping 936 Earnings 666 Quote Watch 437 U.S. 5193

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...

Copyright © 2021 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.