TJX Beats Q2 Estimates and Raises Full-Year EPS Outlook
TJX posted better-than-expected Q2 comparable sales and revenue, lifted its full-year EPS guidance, and announced IEEPA tariff refunds.
TJX Companies reported fiscal Q2 comparable sales up 4%, ahead of the 3.21% estimate, while net sales reached $15.28 billion versus the $15.12 billion consensus.
For fiscal Q3, the company guided comparable sales growth of 2% to 3%, below the 3.16% estimate. It maintained full-year comparable sales growth guidance at 3% to 4%, but raised full-year EPS guidance to $5.31–$5.36 from $5.08–$5.15.
TJX also plans to increase store growth to 4% starting in fiscal 2028. During Q2 it received $331 million in refunds for part of the IEEPA tariffs it had previously paid, and it expects more refunds in Q3 that should benefit cost of sales.
Source: First Squawk