.August 21, 2024 Wednesday 12:19 PM

TJX Cos. (NYSE:TJX) saw a 6% surge in shares after beating analyst expectations for Q2 earnings. The company reported an EPS of $0.96, higher than the expected $0.92, with revenue hitting $13.47 billion, surpassing estimates of $13.31 billion. Comparable sales also rose by 4%, exceeding the projected 2.73%.

Looking forward, TJX raised its guidance for 2025, expecting consolidated comparable store sales to grow by 3% and forecasting an EPS 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 an EPS between $1.06 and $1.08.