1006 ET - T.J. Maxx owner TJX seems to have taken a conservative approach to near-term guidance after recording in-line results for its spring quarter, analysts say. The off-price retailer expects comparable sales to be up 2% to 3% and for earnings to hit 97 cents to $1 a share in fiscal 2Q, which started May 4. Analysts surveyed by FactSet had been expecting 2.9% comparable sales growth and earnings of $1.03 a share. The soft outlook assumes current tariff levels remain in place, but could be conservative, Jefferies analysts say in a research note. TJX historically guides earnings lower than Wall Street and then, as it has in the past nine consecutive quarters, beats the high-end of that outlook, BMO analysts say in a research note. Shares fall 2.8% to $131.18. (dean.seal@wsj.com)
(END) Dow Jones Newswires
May 21, 2025 10:07 ET (14:07 GMT)
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