TJ Maxx
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Shares for The TJX Companies Inc. are in the red in early morning trading — down nearly 5 percent as of 10:45 a.m. ET — after the company’s first-quarter earnings report showed signs that sales in the off-price channel could be weakening.

TJX — owner of popular discount chains TJ Maxx and Marshalls — said today that its comp store sales — the likely disappointment for investors selling off the stock — improved just 1 percent during the period, missing analysts’ bets for a comp improvement of 1.5 percent. Overall, Q1 sales gained 3 percent year-over-year, to $7.8 billion, but also missed Wall Street’s estimates for sales of $7.9 billion

Meanwhile, net income gained 5.5 percent year-over-year, to $536.3 million, or 82 cents per diluted share, during the period. Thanks to an accounting change and a benefit from foreign currency, those results topped Wall Street’s estimate for…