TJX Companies Reports Strong Q1 Earnings Amid Market Fluctuations
TJX Companies, Inc. (TJX) delivered a robust first-quarter performance, with net income reaching $1 billion and revenue growing 5% year-over-year to $13.1 billion. Despite a 2.24% single-day stock decline, shares remain up 33% annually, buoyed by bullish analyst sentiment.
The retailer’s gross margin saw slight contraction, yet full-year earnings guidance remains unchanged even as tariff concerns linger. TJX expanded its footprint to 5,121 stores and anticipates comparable sales growth of 2-3% in Q2.
Shareholders received $1 billion in returns through buybacks and dividends, underscoring the company’s financial resilience. Market observers note the stock’s recent volatility, with prices oscillating between $136.47 and $131.91 during the reported period.
