TJX Companies, Inc. (NYSE:TJX) shares surged after a solid second-quarter performance, smashing earnings expectations and raising its fiscal 2025 profit outlook.
TJX reported second-quarter earnings per share of 96 cents (+13%), beating the analyst consensus of 91 cents. Quarterly sales of $13.468 billion (+6%) outpaced the street view of $13.307 billion.
In the second quarter, TJX Companies reported a 4% increase in consolidated comparable store sales, exceeding the company’s plan and driven entirely by a rise in customer transactions.
The company’s pretax profit margin reached 10.9%, up 0.5 percentage points from the previous year and significantly above the plan.
During the quarter, TJX returned $982 million to shareholders through share repurchases and dividends.
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