TJX Companies (NYSE:TJX) delivered better-than-expected first-quarter results, but shares fell over 2% intra-day today as earnings guidance for the current quarter and full year came in below Wall Street estimates.
The off-price retail giant reported Q1 adjusted earnings per share of $0.92, just ahead of the $0.91 consensus. Revenue rose 5% year-over-year to $13.1 billion, beating expectations of $13 billion. Comparable store sales increased 3%, showing continued consumer demand strength.
Despite the solid performance, TJX’s Q2 EPS outlook of $0.97 to $1.00 fell short of analysts’ forecast of $1.04. For the full fiscal year 2026, the company reiterated its prior EPS guidance of $4.34 to $4.43—below the consensus of $4.49.
Looking ahead, TJX expects Q2 comparable sales growth of 2% to 3% and a pretax margin of 10.4% to 10.5%. It maintained its full-year outlook for consolidated comp sales growth in the 2% to 3% range.
The lower-than-expected profit outlook overshadowed otherwise healthy Q1 results, weighing on investor sentiment.