MW TJ Maxx parent's stock falls after it warns of a profit shortfall on tariff costs

By Steve Gelsi

Quarterly sales and profit narrowly beat analyst estimates, but the retailer's outlook falls short of projections

TJX Cos.'s stock pulled back Wednesday, from a record close reached earlier this week, after the retailer said tariff costs could cause them to fall short of Wall Street's fiscal second-quarter earnings projections.

The Framingham, Mass.-based retailer $(TJX)$ said expects profit for the current quarter of 97 cents a share to $1.00 a share, below the latest FactSet consensus estimate of $1.03 a share.

The outlook includes the company's estimate impact from tariff costs on the merchandise it was committed to buy when additional tariffs were announced in March and April.

The stock slumped 2.1% in morning trading, to put it on track for its first one-day post-earnings decline in six quarters. It had closed at a record $135.03 on Monday.

For the first-quarter to May 3, profit fell to $1 billion, or 92 cents a share, from $1.07 billion, or 93 cents a share, in the year-ago quarter, but beat the analyst estimate of 91 cents a share.

Total sales rose 5% to $13.1 billion, ahead of the FactSet consensus of $13.02 billion, while comparable-store sales, or sales of stores open more than a year, grew 3% to fall slightly short of expectations of 3.1% growth.

TJX's stock has climbed 9.4% in 2025, while the S&P 500 index SPX has gained 0.4%.

This is a developing news story. Check for updates.

-Steve Gelsi

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May 21, 2025 09:36 ET (13:36 GMT)

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