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TJX Shares Dip Despite Raised Full-Year Guidance
19 Aug
Summary
- TJX reported Q2 earnings per share of $1.22, exceeding analyst estimates.
- The company's Q3 profit outlook fell short of Wall Street's expectations.
- TJX raised its full-year earnings guidance but still trailed analyst projections.
TJX reported strong second-quarter results, with earnings per share of $1.22 beating the $1.19 analyst consensus. Revenue stood at $15.2 billion, aligning closely with expectations, and consolidated comparable sales saw a 4% increase. Profitability also improved, with adjusted pretax profit margin rising to 11.9% and adjusted gross profit margin reaching 31.4% due to higher merchandise margin.
Looking ahead, TJX provided a third-quarter fiscal 2027 outlook that fell short of market expectations, guiding for earnings per share between $1.30 and $1.32, compared to the $1.34 consensus. The company anticipates consolidated comparable sales to grow by 2% to 3% in the current quarter.
For the full fiscal year 2027, TJX elevated its earnings per share forecast to a range of $5.15 to $5.20, up from its previous projection of $5.08 to $5.15. This updated guidance, however, still remained below the $5.22 analyst estimate. The retailer also reaffirmed its expectation for full-year comparable sales growth of 3% to 4%.
