The TJX Companies raised its fiscal 2027 profit and earnings outlook after second-quarter results exceeded plan. Adjusted second-quarter earnings rose 11% year over year to $1.22 per share, beating the Zacks Consensus Estimate of $1.18, while net sales increased 5% to $15.18 billion and consolidated comparable sales advanced 4%. Adjusted gross margin increased 70 basis points to 31.4% and adjusted pretax profit margin expanded 50 basis points to 11.9%. TJX lifted its fiscal 2027 adjusted pretax profit margin outlook to 12% to 12.1% from 11.9% to 12%, and moved adjusted earnings guidance to $5.15 to $5.20 per share from $5.08 to $5.15, while continuing to expect consolidated comparable sales growth of 3% to 4% and sales of $63.4 billion to $63.8 billion. Marmaxx was the quarter's weakest division with comparable sales up 1%, offset by HomeGoods up 7%, TJX Canada up 6% and TJX International up 7%, and the company ended the quarter with 5,285 stores while raising its long-term global store target by 500 locations to 7,500.
The TJX Companies IncTJX beat Q2 estimates and raised its fiscal 2027 profit and earnings guidance.
Burlington Stores Inc
Ross Stores Inc