TJX Reports Stronger-Than-Expected Q2 Results and Raises Full-Year Guidance
The TJX Companies (NYSE: TJX) reported second-quarter results that exceeded expectations, posting a non-GAAP EPS of $1.22—$0.03 above estimates—and revenue of $15.18 billion, which beat forecasts by $20 million and grew year-over-year by 5.4%. The company also raised its full-year guidance for pretax profit margin and diluted earnings per share. Looking ahead, TJX plans to increase store growth to 4% starting in FY28 and has expanded its long-term global store target to 7,500 locations. Despite the strong results, shares of TJX fell by 2% post-market as investors may be factoring in valuation concerns. Analysts have noted that while TJX is performing resiliently amid challenging retail conditions, its current stock price reflects a fairly valued or even expensive outlook.
Tickers: $TJX
Topics: earnings guidance_update retail