Comparable sales at TJX’s Marmaxx segment (TJMaxx, Marshalls, Sierra) rose only 1% in fiscal Q2 2027, well short of the 3% growth expected by analysts. Overall revenue increased 5.4% year over year to $15.18 billion, and earnings per share surged 10.9% to $1.22. Shares dropped roughly 6% after the earnings report and are down 16% from their June 13 record high. CEO Ernie Herrman called the miss « self-inflicted and within our control, » attributing it to having the wrong inventory mix in stores. Some analysts downgraded the stock (Citi, Gordon Haskett), but UBS and others see it as a buying opportunity, expecting a quick turnaround.
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