TJX Companies, Inc. (NYSE:TJX) stock rose Wednesday after the off-price retailer reported first-quarter results that topped Wall Street expectations and raised its full-year earnings outlook.
Investor sentiment also improved after the company posted broad-based comparable sales growth and margin expansion across several key divisions.
Quarterly Results Beat Expectations
The company reported first-quarter earnings of $1.19 per share, exceeding the analyst consensus estimate of $1.01. Revenue rose 9% year over year to $14.32 billion, above Wall Street expectations of $14.00 billion.
TJX said consolidated comparable sales increased 6% in the quarter, ahead of its internal forecast.
Comparable sales increased 6% at Marmaxx, 9% at HomeGoods and 7% at TJX Canada during the first quarter of fiscal 2027. TJX International posted a 4% increase in comparable sales from a year earlier.
Gross profit margin expanded to 31.3% …