TJX Cos forecasts muted annual sales, profit as consumers reduce spending

Group 1 - TJX Cos forecasts annual sales and profit below Wall Street estimates due to budget-conscious consumers reducing discretionary spending amid macroeconomic uncertainty [1] - The company expects annual comparable sales to rise between 2% and 3%, lower than analysts' average estimate of 3.5% growth [1] - TJX anticipates earnings per share for fiscal 2027 to be between $4.93 and $5.02, compared to analysts' average estimate of $5.18 per share [1] Group 2 - TJX reported quarterly revenue of $17.74 billion, exceeding analysts' average estimate of $17.36 billion [1] - The company faces margin pressures as economic challenges impact its core customer base, primarily lower-income shoppers, leading to smaller basket sizes and softer demand [1]