TJX Raises Full-Year Profit Forecast After Strong Q2 Earnings
TJX Companies reported stronger-than-expected second-quarter earnings for fiscal 2027, leading to an upward revision of its full-year profit forecast. The company now expects diluted EPS between $5.31 and $5.36, up from a previous range of $5.08–$5.15. Despite the improved outlook, TJX stock fell in premarket trading due to weaker-than-expected third-quarter guidance. The second quarter saw net income rise to $1.52 billion or $1.36 per diluted share from $1.24 billion a year ago, with sales increasing to $15.18 billion. The results were aided by tariff refunds of $331 million under the International Emergency Economic Powers Act. TJX also announced plans for increased store openings and continued shareholder returns through buybacks and dividends.
Tickers: $TJX