TJX Beats Q2 Top and Bottom Estimates, Raises Full-Year Guidance; shares by Investing.com

Shares of TJX Cos. ( TJX ) rose more than 5% in premarket trading on Wednesday after the off-price chain operator beat analysts’ expectations for second-quarter results and raised guidance for fiscal 2025.

In the fiscal second quarter, TJX reported earnings per share (EPS) of $0.96, beating the consensus estimate of $0.92. Revenue came in at $13.47 billion, also above estimates of $13.31 billion.

Comparable sales rose 4%, compared with a 6% increase in the same quarter last year, and beat estimates of 2.73% growth.

TJX also reported a pretax profit margin of 10.9% for the quarter, an improvement of 0.5 percentage points from a year earlier.

Looking ahead, TJX raised its guidance for both pretax profit margin and EPS.

For the third quarter of fiscal 2025, the company expects consolidated comparable store sales to increase 2% to 3%, with a pretax profit margin of 11.8% to 11.9%, and earnings per diluted share estimated to be between $1.06 and $1.08.

For the full fiscal year 2025, TJX now expects consolidated comparable store sales to increase approximately 3%.

The company also raised its outlook for pretax profit margin to about 11.2% and expects diluted earnings per share to be in the range of $4.09 to $4.13.

“The third quarter is off to a good start,” said Ernie Herrman, chief executive officer and chairman of The TJX Companies (NYSE: ).

“Longer term, we are excited about our potential to capture additional market share across all of our geographies and continue our global growth, while delivering great value to more consumers around the world and driving TJX’s profitability.”