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TJX Beats Its Plan as Marmaxx Growth Lags and Outlook Rises

TJX Companies logoTJX Companies
Sig2.80Sen+2.85Env0.00Soc0.00Gov0.00

TJX reported second-quarter results that beat its plan, with consolidated comparable sales up 4% and adjusted EPS rising 11% to $1.22. Management increased its full-year profit outlook and raised its long-term store target to 7,500, speeding new openings. The main Marmaxx division grew comparable sales just 1% and transactions slipped, while HomeGoods surged 7%.

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