On August 19, TJX Companies declined 4.54% in regular trading, trading at $143.58/share, with turnover of $81.75 million. The stock fell despite reporting Q2 results that topped estimates, as forward guidance disappointed and an aggressive store expansion plan raised capital expenditure concerns.

TJX reported fiscal Q2 adjusted EPS of $1.22, beating the consensus estimate of $1.19 by 2.52%, while net sales of $15.18 billion edged past the $15.167 billion estimate. Comparable sales grew 4%, exceeding internal targets. However, Q3 EPS guidance of $1.30-$1.32 came in below the Street's $1.34 expectation. Full-year FY2027 EPS guidance was raised to $5.15-$5.20, but remained below the FactSet consensus of $5.22-$5.23. Additionally, the company announced plans to accelerate store growth to 4% starting FY2028 and raised its long-term global store target to 7,500, triggering concerns over elevated capital spending.

UBS had previously noted that the market widely anticipated an in-line report with a guidance raise, suggesting limited valuation impact. With the beat modest and forward outlook underwhelming, the session reflected classic profit-taking on a buy-the-rumor event.

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