TJX raises annual sales, profit forecasts

TJX Companies Inc

TJX Companies Inc

TJX

0.00

May 20 (Reuters) - TJX TJX.N raised its annual comparable sales and profit forecast on Wednesday, betting on resilient demand at its off-price retail stores as budget-conscious consumers increasingly shop for deals amid economic uncertainties.

The TJ Maxx-parent expects comparable store sales to grow between 3% and 4% in fiscal 2027, compared with its prior forecast of between 2% and 3% growth.

It also expects annual earnings per share to be between $5.08 and $5.15, compared with its previous forecast of $4.93 to $5.02.


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