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TJX shares fall after fiscal Q2 results, analysts remain bullish
The retailer reported $15.18 billion in fiscal Q2 revenue, grew revenue by 5.4%, and generated $2.2 billion in operating cash flow, while Q3 guidance came in slightly below consensus and Marmaxx comps rose just 1%.
TJX Companies shares dropped after the company’s fiscal Q2 2027 earnings release, even as the results showed revenue growth, wider margins, and strong cash flow, according to MarketBeat Ratings. The selloff was linked to weaker performance in TJX’s core Marmaxx division and caution in the company’s Q3 outlook.
MarketBeat Ratings said Marmaxx comps grew 1%, below expectations, but strength across the rest of the business helped offset the weakness. Other segments, including HomeGoods, TJX Canada, and TJX International, grew 6% to 7%, and management moved to accelerate its growth plans.
The company reported revenue of $15.18 billion, up 5.4% year over year, and generated $2.2 billion in operating cash flow. The outlet added that TJX widened margins at all levels, even after adjusting for tariff refund impacts, supporting continued investment in the business.
On guidance, MarketBeat Ratings noted that Q3 profit targets were slightly below consensus but still pointed to sequential and year over year growth, while the full-year outlook was above consensus. The retailer also plans to raise store-count growth to 4% annually, with a total target of 7,500 stores, a near 50% increase from current levels.