TJX Raises Annual Forecast After Q1 Earnings Beat
TJX Companies, the parent of TJ Maxx, reported first-quarter earnings of $1.19 per share, surpassing analyst expectations. The company raised its full-year earnings per share outlook to a range of $5.08 to $5.15, up from its previous forecast. The improved guidance reflects stronger-than-expected sales and operational performance. TJX also increased its annual sales forecast, citing robust consumer demand for off-price retail. The company's stock rose in after-hours trading following the announcement.
Key facts
- TJX reported Q1 earnings of $1.19 per share.
- Full-year EPS outlook raised to $5.08–$5.15.
- Annual sales forecast also increased.
- Earnings beat analyst expectations.
- Stock rose in after-hours trading.
- Strong consumer demand cited for improved outlook.
- TJX is parent of TJ Maxx.
- First-quarter results announced in May 2025.
Entities
Institutions
- TJX Companies
- TJ Maxx
Sources
- Quartz —