Shopkeepers visit TJ MaxX stores at Prince George’s mall in Hayatsville, Maryland on 17 August, 2022.
Chip Somodeville | Getty images
TJX Cos. On Wednesday, by defeating the expectations of Wall Street, he reported earning and revenue and increased its entire year guidance, as the discounts behind TJ MaxX, Marshall and Homegoods said that it assumes that it could compensate for a high cost from tariffs.
TJX now hopes that the financial year 2026 for the whole year will be between $ 4.52 and $ 4.57 per share, with the pre -guidance between $ 4.34 and $ 4.43 per share. The retailer also increased its comparable sales hopes in guidance before 3% increase, vs. 2% to 3% increase. The new guidance assumes that currently American tariff rates will be effective for the remaining year.
“Customer transactions were in every division because we had seen a strong demand in each US and international businesses,” CEO Erni Herman said in a news release. “With the results of our strong second quarter benefits, we are increasing our full year guidance for both Pretax Profit margin and per share income. The third quarter is closed for a strong start, and I am very confident in our position because we enter the second half of the year.”
TJX shares grew by about 4% during premarket trading on Wednesday.
Here is reported that TJX did what TJX did on the basis of a survey of analysts by LSEG compared to Wall Street in the second quarter of 2026:
- earnings per share: $ 1.10 Vs $ 1.01 expected
- Income: $ 14.40 billion vs $ 14.13 billion is expected
TJX officials had Said In May that the second quarter would include negative effects from tariff costs, which were already committed to the announcement of additional duties.
The company’s net income was $ 1.24 billion, or $ 1.10 per share, $ 1.1 billion or 96 cents per share for a period of three months ending August 2.
The net sales were $ 14.40 billion, which was $ 13.47 billion from $ 13.47 billion in the year-old period.
According to the Strikint, comparative sales, a major industry indicators, which excludes new stores and online sales, increased by 4% during the quarter, beyond Wall Street’s estimates, according to the Streakount.
Analysts have said that off-pris retailers such as TJ MaxX are better to reduce major tariff costs in the near period as they buy additional goods from other brands, usually later already imported into the US.
Analysts of UBS and Morgan Stanley said in research notes this month that TJX is ready to take market share from the traditional department store due to that benefit.
During the earnings call on Wednesday morning, analysts will be heard for further comments from TJX authorities on the impact of tariffs and any insight on consumer’s health.
TJX shares are more than 11% this year as close to Tuesday.
