TJX Companies raises full-year guidance, posts 5.6% sales gain for the most recent quarter

Group 1 - TJX Companies raised its full-year earnings guidance to between $4.09 and $4.13, slightly below Wall Street's estimate of $4.14 [1] - For the current quarter, TJX expects earnings per share between $1.06 and $1.08, compared to the estimate of $1.10 [1] - The company reported net income of $1.1 billion, or 96 cents per share, for the three-month period ending August 3, up from $989 million, or 85 cents per share, a year earlier [1][2] Group 2 - Sales increased to $13.47 billion, a rise from $12.76 billion a year earlier [2] - TJX announced a 35% ownership stake in Dubai-based retailer Brands for Less for $360 million, marking a strategic move for international growth [2][3] - The investment in Brands for Less is expected to be slightly accretive to earnings per share starting in Fiscal 2026 [3] Group 3 - TJX's stock has risen approximately 21% year to date, reaching a new high in May following strong quarterly earnings [3] - The company has gained market share from competitors like Target and Macy's, appealing to price-sensitive consumers [3] - Analysts suggest that TJX's business model is resilient in various economic conditions, although a significant downturn in consumer spending could pose risks [3]