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TJ Maxx/Marshalls' parent TJX continues to benefit from value-chasing consumers. The discount retail company released earnings Wednesday (Aug. 21) showing sales up 6% for the half year and 4% for the quarter, while raising its guidance in anticipation of the fall and holiday shopping seasons.
Major U.S. equities indexes turned higher on Wednesday as investors digested retailer earnings and minutes of the Federal Reserve's most recent policy meeting.
The TJX Companies, Inc. (NYSE:TJX ) Q2 2025 Earnings Conference Call August 21, 2024 11:00 AM ET Company Participants Ernie Herrman - Chief Executive Officer & President Deb McConnell - Senior Vice President, Global Communications, IR John Klinger - Senior Executive Vice President & Chief Financial Officer Conference Call Participants Lorraine Hutchinson - Bank of America Alex Straton - Morgan Stanley Matthew Boss - JPMorgan Paul Lejuez - Citigroup Brooke Roach - Goldman Sachs Adrienne Yih - Barclays Michael Binetti - Evercore Corey Tarlowe - Jefferies Jay Sole - UBS Operator Ladies and gentlemen, thank you for standing by. Welcome to The TJX Companies Second Quarter Fiscal 2025 Financial Results Conference Call.
The TJX Companies, Inc. had a strong quarter with net sales up 6% and consolidated comparable store sales up 4%. TJX Companies opened its 5,000th store and plans for further expansion, with potential for global growth. TJX showed strong margin power, well-managed inventory, and shareholder-friendly practices, with plans for more buybacks and investments in the future.
Shares of TJX Companies (TJX), which operates discount retailers like TJ Maxx, HomeGoods, and Marshall's, rose to record levels Wednesday after the company's second-quarter fiscal 2025 results came in above expectations thanks to higher sales.
TJX beat on both top and bottom lines this morning. Sales are rising nicely, and expanding profit margins resulted in earnings growth twice as big.
The TJX Companies' (TJX) second-quarter fiscal 2025 results reflect comparable sales growth, driven by higher customer transactions across all divisions. Management ups profit guidance.
TJX Companies (NYSE: TJX ) just reported results for the second quarter of 2025. TJX Companies reported earnings per share of 96 cents.
TJX (TJX) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.85 per share a year ago.
TJX Companies beat Wall Street's expectations on the top and bottom lines as it raised its full-year guidance. The retailer behind HomeGoods, TJ Maxx and Marshall has been taking market share from competitors like Target and Macy's and has become a haven for price-sensitive consumers.