Aug 20, 12:24 PM

TJX Lifts Profit Outlook After Q2 Sales Beat Forecasts

TJX Companies reported stronger-than-expected second-quarter results, with net sales rising 7% year over year to $14.4 billion and diluted earnings per share advancing to $1.10, surpassing Wall Street’s $1.01 consensus. Comparable sales increased 4%, aided by a 3% gain at the Marmaxx division and a 5% rise at HomeGoods. Net income reached $1.24 billion, while pretax profit totaled $1.65 billion. On the strength of the quarter, the off-price retailer lifted its fiscal-year 2026 outlook. Management now projects earnings of $4.52 to $4.57 a share, up from a prior range of $4.34 to $4.43, and sees comparable-store sales climbing about 3% versus the earlier 2%–3% view. Pretax profit margin is expected to reach 11.4% to 11.5%. For the current quarter, TJX forecasts EPS of $1.17 to $1.19 and comps up 2%–3%. Executives said robust customer traffic across all banners and flexible sourcing helped offset higher import costs tied to U.S. tariffs on Chinese goods. The results sent TJX shares up roughly 5% to 6% in pre-market trade, underscoring investor confidence that bargain-hunting consumers will continue to favor the company’s off-price model.

#TJX Companies #Wall Street #Marmaxx #HomeGoods #Pretax #TJX #Chinese

Written with ChatGPT .

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TJX Lifts Profit Outlook After Q2 Sales Beat Forecasts

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