TJX Companies (TJX) Stock Drops as Q3 Earnings Guidance Misses Estimates
TLDR
- TJX stock dropped around 3-4% in premarket trading after Q2 earnings beat but Q3 guidance missed
- Q2 EPS came in at $1.22, beating the $1.19 consensus; revenue was $15.2 billion
- Q3 adjusted EPS guidance of $1.30-$1.32 fell short of the $1.35 analyst estimate
- Full-year EPS outlook was raised to $5.31-$1.36, up from $5.08-$5.15
- TJX received $331 million in tariff refunds and plans to expand its long-term store target to 7,500 locations
TJX Companies stock fell roughly 3% in premarket trading on Wednesday after the off-price retailer reported Q2 fiscal 2027 results that beat on earnings but disappointed on near-term guidance.
Q2 adjusted EPS came in at $1.22, ahead of the $1.19 analyst consensus. Revenue reached $15.18 billion, roughly in line with the $15.19 billion estimate. Comparable store sales grew 4% in the quarter.
The trouble came with Q3 guidance. TJX said it expects adjusted diluted EPS of $1.30 to $1.32 for the third quarter. Analysts were expecting around $1.35. That gap was enough to send the stock lower.
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