Shares in TJX Companies (TJX), the parent of retailers including T.J. Maxx, Marshalls, and HomeGoods, reached an all-time high on Wednesday after the discount clothing and home goods retailer reported earnings (EPS) of $0.93 per share for the first quarter of the 2025 fiscal year, exceeding expectations. Revenue also rose by 6% reaching $12.48 billion, which was consistent with predictions. The increase in revenue was reported across all divisions of the company, with Marmaxx (a conglomerate of T.J. Maxx, Marshalls, and Sierra stores) displaying a 5% increase to $7.75 billion. Sales from HomeGoods increased to $2.08 billion, marking a 6% increase. TJX's Canadian outlets saw a rise of 7% to $1.11 billion in sales, while Europe and Australia stores reported sales 9% higher at $1.54 billion. Comparable store sales also saw a rise, increasing by 3%, which TJX's CEO, Ernie Herrman, noted was at the high end of the company's anticipated outlook and solely driven by customer transactions. Herrman also mentioned that the company has had a positive start to the current quarter and plans to capitalize on the prospective opportunities for the rest of the fiscal year. For the entirety of the fiscal year, TJX projected EPS between $4.03 to $4.09, a raised forecast from its prior prediction of $3.94 to $4.02. It also foresees an increase in pretax profit margin from 11.0% - 11.1%, higher than its previous expectation of 10.9% - 11.0%. TJX shares increased by 5.9% to $103.40 as of midday Wednesday, after peaking at a record-high of $104.98 earlier in the same day. Over this fiscal year, TJX shares have seen an increase of about 10%.
TJX Companies Shares Skyrocket Following Surpassing Quarterly Profits
TJX Companies sees a record high in shares as it reports better than predicted quarterly profits and upsurges its guidance.
