Off-price retailer TJX Cos. reported positive quarterly results, rebounding after its TJ Maxx and Marshalls brands saw softer-than-anticipated sales last quarter.

The company’s revenue of $16.4 billion just topped analysts’ estimates, and earnings per share of $1.23 beat expectations for $1.16 for the quarter ending Feb. 1.

TJX also said Wednesday that its fiscal 2026 EPS would range from $4.34 to $4.43; within the $4.30 to $4.77 Wall Street had expected.

Shares TJX rose as much as 3.8 percent in premarket trading in New York Wednesday. Through Tuesday, the stock had gained 1.6 percent so far this year.

The company said it had opened its 5,000th store during the year, and Chief Executive Officer Ernie Herrman said in the statement the company sees “many opportunities to successfully grow our business and deliver value to even more consumers around the world.”

Other retailers have been struggling amid uncertain economic conditions and looming tariffs. Leadership at companies including Kontoor Brands Inc., the owner of Lee and Wrangler, have also been highlighting concerns about the strength of the US consumer.

TJX forecasts consolidated comparable store sales to be up 2 percent to 3 percent for the full 2026 fiscal year, and the Framingham, Massachusetts-based retailer said it intends to repurchase $2 billion to $2.5 billion worth of shares in the period.

Jefferies kept its recommendation to buy TJX shares, as the retailer’s guidance is “likely conservative,” analyst Corey Tarlowe wrote in a note to clients.

By Lily Meier

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