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TJ Maxx parent TJX beats first-quarter sales estimates

May 19 (Reuters) - TJX Cos Inc beat quarterly net sales estimates on Wednesday as Americans returned to its discount stores following speedy COVID-19 vaccinations and easing restrictions.

Net sales rose to $10.09 billion in the first quarter from $4.41 billion last year. Analysts on average had projected net sales of $8.62 billion, according to IBES data from Refinitiv. (Reporting by Praveen Paramasivam in Bengaluru;)

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