Shares of TJX Companies fell 3.9% in pre-market trading on Wednesday after the off-price retailer reported adjusted earnings per share guidance for the third quarter that trailed analyst expectations.
The company posted adjusted EPS of $1.22 for the second quarter, exceeding the consensus estimate of $1.19, while revenue reached $15.2 billion, roughly matching the $15.19 billion forecast. Consolidated comparable sales increased 4% during the period.
For the third quarter, TJX guided adjusted EPS to a range of $1.30 to $1.32, below the consensus of about $1.35. The broader market benchmarks, including the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite, traded modestly higher, indicating the stock's decline reflected company-specific factors.
The retailer raised its full-year adjusted EPS guidance to $5.31 to $5.36 from the prior range of $5.08 to $5.15. TJX also announced plans to increase its long-term global store target to 7,500 and accelerate store growth to 4% starting in fiscal 2028. Additionally, the company received $331 million in refunds on previously paid tariffs.
Analysts have highlighted Ross Stores and Burlington Stores as top sector picks within the off-price retail segment. The stock's pre-market decline follows a period of relative outperformance compared with broader retail peers.
