TJX raises annual profit forecast on resilient demand
The TJ Maxx parent company increased its fiscal 2027 sales and profit forecasts as consumers seek discounts amid economic uncertainty. First-quarter revenue of $14.32 billion exceeded expectations while the firm also raised its share buyback target.
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TJX COMPANIES INC raised its annual sales and profit forecasts on May 20 as budget-conscious consumers increasingly shop for deals. The company increased its share buyback target to a range of $2.75 billion to $3.0 billion. This guidance hike signals that off-price retail remains a primary beneficiary of shifting consumer spending patterns in the United States.
