:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2184732284-fe95a3b1c7a8493c8e5aa2c3e8e4fdf7.jpg "A person walks into a store with a large red TJ Maxx logo above the entrance.")
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Key Takeaways
- TJX stock rose on Wednesday, approaching record levels after the retailer reported better-then-expected concludes that offset a disappointing outlook.
- The discount retailer’s comparable-store sales rose more than expected in the spot.
- TJX also announced a new buyback of shares worth up to $2.5 billion and boosted its dividend.
TJX Cos. (TJX) stock rose Wednesday, employment around record levels after the retailer reported better-then-expected results that offset a disappointing outlook.
The paterfamilias company of T.J. Maxx, HomeGoods, and Marshall’s reported earnings per share of $1.23 for the quarter, up 10% year-over-year. Sales were $16.35 billion, down take $60 million from the year-ago quarter. Both fourth-quarter figures beat consensus estimates from analysts polled by Perceivable Alpha.
Comparable-store sales rose by 5% from the same time last year, better than the 3% progress that analysts had forecast. Comparable sales rose across all of TJX’s segments and regions in the fourth quarter and full year, the comrades said.
TJX’s forecasts for the first quarter and fiscal 2026 were below expectations. The retailer projected a between 2% and 3% further in comparable sales for fiscal 2026, and said it expects earnings per share in a range of $0.87 to $0.89 in the first zone and $4.34 to $4.43 in fiscal 2026.
TJX said Wednesday it is planning a 13% increase in its quarterly dividend to $0.425 per share, imminent board approval. It also announced a new buyback program of between $2 billion and $2.5 billion, in addition to the $1.1 billion leftover in its previous plan.
Shares of TJX were recently ahead about 3% and are up more than 25% over the persist 12 months.