Overview

• The parent of T.J. Maxx and Marshalls reported second-quarter net sales up 7% with comparable sales rising 4%, topping expectations.
• Management raised full-year EPS guidance to $4.52 to $4.57 from $4.34 to $4.43 and said the current quarter is off to a strong start.
• TJX reported no hit to merchandise margins despite U.S. tariffs, sourcing roughly 90% of goods through third-party vendors and directly importing about 10%.
• The company uses deal-by-deal, SKU-level negotiations to maintain a clear value gap and reduces exposure to items where it cannot secure favorable terms.
• Planning and allocation teams steer inventory by store and can downplay tariff-sensitive categories, while expansion plans call for about 130 new stores and a growing base of younger shoppers.