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HomeMarketTJX Firms stories sturdy earnings progress for Q1 2025; income up 6%...

TJX Firms stories sturdy earnings progress for Q1 2025; income up 6% | AlphaStreet

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The TJX Firms, Inc. (NYSE: TJX) Wednesday reported a double-digit improve in internet earnings for the primary quarter of 2025 when the style retailer’s internet gross sales grew 6%.

First-quarter gross sales elevated to $12.48 billion from $ 11.78 billion within the corresponding interval final yr. Total comp retailer gross sales elevated 3%, pushed by continued progress in buyer transactions.

Consequently, Q1 internet earnings rose to $1.07 billion or $0.93 per share within the April quarter from $891 million or $0.76 per share within the prior-year interval. For the second quarter of 2025, the corporate expects complete comparable retailer gross sales to be up 2%-3%.

“The second quarter is off to a good start and we see numerous opportunities for our business for the balance of the year that we plan to pursue. Longer term, we are excited about the potential we see to drive customer transactions and sales, capture additional market share, and increase the profitability of TJX,” mentioned TJX’s CEO Ernie Herrman.

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