Ross Stores reported a 10% jump in comparable sales for its fiscal second quarter, while TJX posted 4% growth, and only Ross shares rose. Ross total sales climbed 13% to $6.3 billion, net income rose to $851 million from $508 million, and earnings per share of $2.66 beat its own guidance of $1.85 to $1.93, helped by about $0.60 in tariff refunds. The company raised its third-quarter comparable sales outlook to 6% to 7% and fourth-quarter to 4% to 5%. TJX revenue rose 5% to $15.2 billion and earnings per share of $1.36 beat plan, but its Marmaxx division grew comparable sales just 1%, and the company guided to only 2% to 3% third-quarter comparable sales growth. TJX shares fell 4% on its report and remained near a 52-week low, while Ross shares jumped more than 4%.
Ross Stores IncRoss Stores reported a 10% jump in comparable sales, beating guidance and raising outlook.
The TJX Companies IncTJX's comparable sales growth slowed to 4%, with Marmaxx at 1%, and guidance below expectations.
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