TJX Companies

TJX reported Q2 comparable sales up 4% and adjusted diluted EPS of $1.22, driven by higher average baskets and strength outside Marmaxx. Management said Marmaxx suffered self‑inflicted merchandising execution issues but is improving in August and expects further recovery by the holiday season. HomeGoods comp sales rose 7% and TJX International and Canada each delivered mid‑single to high‑single comp gains; adjusted pretax margin expanded to 11.9%. Inventory was up 7% on the balance sheet, the company returned $1.3 billion to shareholders in the quarter and raised full‑year adjusted EPS guidance to $5.15–5.20 while increasing long‑term store potential to 7,500 and annual openings to ~4% starting next year. » Plus sur finance.yahoo.com

TJX Companies reported fiscal Q2 revenue of $15.18 billion and EPS of $1.22, beating estimates, with overall comps up 4%. Weakness in the Marmaxx division drove a miss in that segment, but HomeGoods, TJX Canada and TJX International outperformed and tariff refunds boosted margins. Management attributed Marmaxx's shortfall to internal merchandising and inventory execution, said fixes are underway and expects improvement by the holiday season. The company raised full-year margin and EPS outlooks and plans to accelerate store openings to a 4% annual rate, reinforcing confidence in long-term growth. » Plus sur cnbc.com

TJX Companies beat its Q2 plan with consolidated comparable sales up 4%, adjusted EPS rising 11% to $1.22, and adjusted pre-tax margin expanding to 11.9%. HomeGoods, TJX Canada and TJX International each posted 6%–7% comp-sales growth, while Marmaxx grew just 1% due to internal merchandise-mix and execution issues that management says are being addressed with new planning processes. The company raised full-year adjusted pre-tax margin to 12.0%–12.1% and adjusted EPS to $5.15–$5.20, plans to accelerate annual store growth to 4%, expand long-term store potential to 7,500 locations, and returned $1.3 billion to shareholders in the quarter. » Plus sur finance.yahoo.com