By  on November 14, 2017

The TJX Cos. saw net sales increase during the third quarter, but business at a range of stores open this time last year was dragged down by record hurricanes, along with a “fashion miss” at some others.

President and chief executive officer Ernie Herrman said the quarter’s flat comparable-store sales could be widely attributed to the effect of hurricanes Harvey, Irma and Maria, which hit the southern U.S. and Puerto Rico over the course of a few weeks, but compared to last year’s 5 percent comp gain and Wall Street’s expectation of a more than 2 percent increase, TJX’s stock took a hit.

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