The off-price retailer topped revenue and earnings estimates, lifting its fiscal 2027 comparable sales growth forecast to 3%-4%.
TJX reported first-quarter revenue of $14.32 billion and earnings of $1.19 per share, exceeding analyst expectations of $14 billion and $1.02. The company also raised its fiscal 2027 comparable sales growth forecast to a range of 3% to 4%, up from 2% to 3% previously.
Shares of TJX rose 5.7% following the earnings release, extending year-to-date gains to 2% and annual gains to 20%. Prior to the report, UBS maintained a Buy rating and a $193 price target on the stock.
Jim Cramer highlighted TJX as a strong performer, noting its recent pullback as a potential buying opportunity.