By Suzanne Kapner

The parent of T.J. Maxx, Marshalls and HomeGoods delivered another set of strong sales and earnings results, with profit helped by hedges against rising fuel prices. It also raised its sales and earnings guidance for the full year.

The results pushed up TJX shares by more than 5% in morning trading. With shares changing hands around $159, the stock is on pace for its largest percent increase since Aug. 21, 2024, when it rose 6.11%.

While sales continued to grow--up 9% in the latest quarter, which ended May 2-- there was another silver lining for investors in the numbers.

Net income rose 28.6% to $1.3 billion compared with the same period last year, partially due to fuel hedges that insulated the company from rising gas prices due to war with Iran.

The company said on a conference call with investors that it expects fuel prices to remain at current levels for the balance of the year, which means the hedges won't give profits the same boost in the remaining quarters. If gas prices rise further, the company will reap more savings from its hedges. If they fall, it will have to give back some of the gains.

But with sales showing no signs of slowing, margins should remain healthy. TJX will have "a positive story to tell for the balance of this fiscal year," said Neil Saunders, managing director of research firm GlobalData.

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(END) Dow Jones Newswires

May 20, 2026 12:03 ET (16:03 GMT)

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