Latest news with #TJXCos
Bloomberg
7 hours ago
- Business
- Bloomberg
TJ Maxx Shares Hit Record
Off-price retailer TJX Cos. raised its full-year earnings per share outlook after better-than-expected results, a sign that shoppers wary of economic uncertainty are turning to discounters. Barclays Capital Senior Retail Analyst Adrienne Yih has more on the story. (Source: Bloomberg)
San Francisco Chronicle
15 hours ago
- Business
- San Francisco Chronicle
TJX: Fiscal Q2 Earnings Snapshot
FRAMINGHAM, Mass. (AP) — FRAMINGHAM, Mass. (AP) — The TJX Cos. (TJX) on Wednesday reported fiscal second-quarter earnings of $1.24 billion. The Framingham, Massachusetts-based company said it had profit of $1.10 per share. The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share. The parent of T.J. Maxx, Marshalls and other stores posted revenue of $14.4 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $14.07 billion. TJX expects full-year earnings to be $4.52 to $4.57 per share. _____
Yahoo
16 hours ago
- Business
- Yahoo
TJX raises annual profit forecast on strong demand for off-price goods
By Neil J Kanatt (Reuters) -TJX Cos raised its annual profit forecast on Wednesday, betting on resilient demand at its off-price retail stores despite lingering worries of tariff impact on consumer spending. Shares of the company rose nearly 4% premarket after it also beat estimates for second-quarter sales and profit. The company benefits from serving price-conscious shoppers, who prefer value amid economic uncertainties caused by fluctuating U.S. trade policy, which has boosted demand for off-price and discount goods. TJX said it can offset cost pressures even if the current U.S. import tariffs remain for the rest of the year, thanks to its vast sourcing strategy that allows it to replenish inventory dynamically. "Consumers are pulling back, but TJX's purchasing model gives it bandwidth to source relevant products quickly," said Matt Stucky, chief portfolio manager of equities at Northwestern Mutual Wealth Management, which invests in the company stock. The TJ Maxx parent expects earnings per share for fiscal 2026 to be between $4.52 and $4.57, compared with its previous view of $4.34 to $4.43. The company now expects comparable store sales to grow 3% during fiscal 2026, at the higher end of its prior forecast of between 2% and 3% growth. Net sales of $14.4 billion for the quarter ended August 2, exceeded expectations of $14.13 billion, while earnings per share of $1.10 beat estimates of $1.01, according to data compiled by LSEG. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Reuters
16 hours ago
- Business
- Reuters
TJX raises annual profit forecast on strong demand
Aug 20 (Reuters) - TJX Cos (TJX.N), opens new tab raised its annual profit forecast on Wednesday, betting on resilient demand at its off-price retail stores even as macroeconomic uncertainties loom. The TJ Maxx parent expects earnings per share for fiscal 2026 to be between $4.52 and $4.57, compared with its previous forecast of between $4.34 and $4.43.
Reuters
16 hours ago
- Business
- Reuters
TJX raises annual profit forecast on strong demand for off-price goods
Aug 20 (Reuters) - TJX Cos (TJX.N), opens new tab raised its annual profit forecast on Wednesday, betting on resilient demand at its off-price retail stores despite lingering worries of tariff impact on consumer spending. Shares of the company rose nearly 4% premarket after it also beat estimates for second-quarter sales and profit. The company benefits from serving price-conscious shoppers, who prefer value amid economic uncertainties caused by fluctuating U.S. trade policy, which has boosted demand for off-price and discount goods. TJX said it can offset cost pressures even if the current U.S. import tariffs remain for the rest of the year, thanks to its vast sourcing strategy that allows it to replenish inventory dynamically. "Consumers are pulling back, but TJX's purchasing model gives it bandwidth to source relevant products quickly," said Matt Stucky, chief portfolio manager of equities at Northwestern Mutual Wealth Management, which invests in the company stock. The TJ Maxx parent expects earnings per share for fiscal 2026 to be between $4.52 and $4.57, compared with its previous view of $4.34 to $4.43. The company now expects comparable store sales to grow 3% during fiscal 2026, at the higher end of its prior forecast of between 2% and 3% growth. Net sales of $14.4 billion for the quarter ended August 2, exceeded expectations of $14.13 billion, while earnings per share of $1.10 beat estimates of $1.01, according to data compiled by LSEG.
