{"id":49193,"date":"2023-08-16T12:50:26","date_gmt":"2023-08-16T16:50:26","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/tjx-stock-rises-on-earnings-beat-and-guidance-raise\/"},"modified":"2023-08-16T12:50:28","modified_gmt":"2023-08-16T16:50:28","slug":"tjx-stock-rises-on-earnings-beat-and-guidance-raise","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=49193","title":{"rendered":"TJX Stock Rises on Earnings Beat and Guidance Raise"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000720866\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>\n        TJX Cos.<br \/>\n       turned in better earnings and sales results than expected and raised fiscal-year guidance, sending the stock higher in premarket trading Wednesday. <\/p>\n<p>The off-price retailer\u2019s second-quarter sales were $12.8 billion, ahead of expectations for $12.5 billion. Adjusted earnings per share at<br \/>\n        TJX Cos.<br \/>\n       (ticker: TJX) of 85 cents were better than forecasts for 77 cents, according to FactSet. <\/p>\n<div class=\"paywall\">\n<p>TJ Maxx\u2019s and Marshalls\u2019 parent company increased its outlook for the fiscal year ending February 2024. Adjusted earnings per share will range between $3.56 and $3.62, the company said, excluding an expected 10-cent benefit from an extra week in the fiscal year. Previous guidance issued at the company\u2019s first-quarter earnings report called for full-year earnings to range between \u00a0$3.39 a share to $3.48 a share. Wall Street is projecting earnings per share will be $3.59. <\/p>\n<p>The company also boosted its same-store sales and profit margin expectations, and issued guidance for its fiscal third and fourth quarters. For the third quarter, earnings per share will range between 95 cents and 98 cents, in line with Wall Street\u2019s expectations for 97 cents. Adjusted fourth-quarter earnings per share will be between $1 and $1.03, slightly below expectations for $1.09. <\/p>\n<p>Shares of TJX rose 2.7% in premarket trading. The stock has risen 7.8% this year as of Tuesday\u2019s close. <\/p>\n<p>Write to Sabrina Escobar at sabrina.escobar@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/tjx-stock-earnings-ec9784a9?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TJX Cos. turned in better earnings and sales results than expected and raised fiscal-year guidance, sending the stock higher in premarket trading Wednesday. The off-price retailer\u2019s second-quarter sales were $12.8 billion, ahead of expectations for $12.5 billion. Adjusted earnings per share at TJX Cos. (ticker: TJX) of 85 cents were better than forecasts for 77 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":49194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-49193","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TJX Stock Rises on Earnings Beat and Guidance Raise | iFintechWorld<\/title>\n<meta name=\"description\" content=\"TJX Cos. turned in better earnings and sales results than expected and raised fiscal-year guidance, sending the stock higher in premarket trading\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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