10:07 AM EDT, 08/20/2025 (MT Newswires) -- TJX (TJX) raised its full-year earnings outlook as the discount retailer reiterated confidence in its ability to offset tariffs-related headwinds amid strong demand that drove annual gains in fiscal second-quarter results.

The TJ Maxx and Marshalls parent now expects per-share earnings of $4.52 to $4.57 for fiscal 2026, higher than the $4.34 to $4.43 previously outlined. Comparable sales are projected to grow 3%, compared with a prior 2% to 3% range and the FactSet-polled consensus calling for 2.9% growth.

The guidance assumes current import tariffs will stay in place for the rest of the year, and that the company can offset "the significant pressure it expects from tariffs throughout fiscal 2026," TJX said, largely echoing a statement made in May.

Customer transactions rose across the board in the second quarter amid strong global demand, including in the US, Chief Executive Ernie Herrman said in a statement.

Shares of TJX were up 5.3% intraday Wednesday, taking its year-to-date gain to 17%.

For the second quarter ended Aug. 2, TJX's EPS rose to $1.10 from $0.96 a year earlier. Net sales increased 7% year on year to $14.4 billion, above the $14.14 billion consensus forecast. Same-store sales grew 4%, above a 3.3% rise modeled by analysts.

TJX anticipates reporting EPS of $1.17 to $1.19 for the third quarter, which would mark a 3% to 4% increase year on year. The company is guiding comparable sales growth in the range of 2% to 3%, while analysts are forecasting a 2.9% increase.

"The third quarter is off to a strong start, and I am very confident in our position as we enter the second half of the year," Herrman said.

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