TJ Maxx parent company TJX beats earnings expectations, raises full-year guidance despite tariff pressure

In this articleTJX your favorite stocksCREATE FREE ACCOUNTShoppers come and go the TJ Maxx store at the Mall at Prince George's on August 17, 2022 in Hyattsville, Maryland.Chip Somodevilla | Getty ImagesTJX Cos. on Wednesday reported earnings and revenue that beat Wall Street's expectations and raised its full-year guidance, as the discounter behind T.J

Maxx, Marshalls and Goods said it assumes it can offset higher costs from tariffs.TJX now expects full-year fiscal 2026 earnings will be between $4.52 and $4.57 per , up from its prior guidance between $4.34 and $4.43 per

The new guidance assumes the U.S. tariff rates currently in place will remain in effect for the rest of the year."Customer transactions were up at every division as we saw strong demand at each of our U.S. and international es," said CEO Ernie Herrman in a news release. "With our strong second quarter fit results, we are raising our full-year guidance for both pretax fit margin and earnings per

The third quarter is off to a strong start, and I am very confident in our position as we enter the second half of the year."TJX s rose more than 5% during morning trading Wednesday.Here's how TJX did in its fiscal 2026 second quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:Earnings per : $1.10 vs. $1.01 expectedRevenue: $14.40 billion vs. $14.13 billion expectedTJX executives had said in May that the second quarter would include a negative impact from tariff costs from orders it had already committed to when additional duties were announced.The company's net income for the three-month period that Aug. 2 was $1.24 billion, or $1.10 per , up from $1.1 billion, or 96 cents per , a year earlier.Net sales came in at $14.40 billion, up 7% from $13.47 billion in the year-ago period.Comparable sales, a key industry indicator that excludes new stores and online sales, grew 4% during the quarter, ahead of Wall Street estimates of 3.2%, according to StreetAccount

Analysts have said off-price retailers such as T.J

Maxx are better positioned to sidestep major tariff costs in the near term because they purchase excess merchandise from other brands, usually after the items have already been imported into the U.S.Analysts from UBS and Morgan Stanley said in re notes this month that TJX is poised to take market away from traditional department stores because of that advantage.During Wednesday morning's earnings call, analysts will be listening for further ary from TJX executives on the impact of tariffs and any insights on the health of the consumer.TJX s are up over 11% this year as of Tuesday's close.Don’t miss these insights from CNBC Forget Palantir