Ban on flavored vapes could lead to loss of 150,000 jobs, $8.4 billion sales hit: report

Credit: Reuters India- Published 3 weeks ago
A potential U.S. ban on e-cigarette flavors could result in a loss of more than 150,000 jobs and a direct sales hit of $8.4 billion, according to a report released on Friday by a vaping industry trade group.

Credit: The Street
Published 3 weeks ago -  01:35
TJX Bucks Trend of Tepid Retail Earnings With Impressive Sales Growth
What exactly is TJX doing right that other retailers aren't? The jury is out on that one, especially as the critical holiday shopping season kicks off, but the owner and operator of popular clothing and accessories discount chain TJ Maxx is doing something right. In a sea of tepid if not weak retail earnings, TJX on Tuesday posted fiscal third-quarter earnings of $828.3 million, or 68 cents a share, vs. $739.6 million, or 63 cents a share, in the year-ago. Analysts polled by FactSet had been expecting earnings of 66 cents a share. Sales came in at $10.45 billion, above sales of $9.8 billion a year ago and above analysts' estimates of $10.32 billion. Same-store sales, a key metric in retail, gained 4% during the quarter, the company said. On top of that, the company is optimistic about its crucial upcoming fiscal fourth quarter, which CEO Ernie Herrman note is " to a solid start. The figures buck the trend of other retailers including rival Kohl's who have reported weaker-than-expected third-quarter results, and some other non-clothing retailers like Home Depot , which revealed modestly higher quarterly numbers on Tuesday but trimmed back on its full-year sales forecasts. Macy's will report its own third-quarter numbers later this week. For the fourth quarter of fiscal 2020, TJX said it expects per-share earnings in the range of 74 cents to 76 cents vs. earnings of 68 cents a share in the same period last year. Same-store sales are expected to be in the 2% to 3% range. TJX stock was up 1.44%, or 86 cents a share, at $60.52 in morning trading on Tuesday. Shares have risen approximately 17% since the company's last earnings report in August. Kohl's and Home Depot are holdings in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells KSS or HD? Learn more now. Bull Market Fantasy: LIVE TUESDAY & THURSDAY @10:45AM Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below

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