FMP
TJX Shares Jump Over 6% After Beating Q2 Expectations and Raising 2025 Guidance
Aug 21, 2024 4:19 PM - Davit Kirakosyan
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TJX Cos. (NYSE:TJX) shares surged over 6% intra-day today after the off-price department store chain surpassed analyst expectations for its fiscal Q2 earnings and raised its full-year outlook.
TJX reported Q2 earnings per share (EPS) of $0.96, outpacing the expected $0.92. Revenue reached $13.47 billion, beating estimates of $13.31 billion. Comparable sales rose 4%, exceeding the projected 2.73%.
Looking ahead, TJX raised its guidance for 2025, now expecting consolidated comparable store sales to grow by 3% and forecasting EPS in the range of $4.09 to $4.13. The company also increased its pretax profit margin outlook to about 11.2%. For Q3, TJX anticipates comparable sales growth of 2% to 3% and EPS between $1.06 and $1.08.
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