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Kiplinger
Kiplinger
Business
Joey Solitro

TJ Maxx Parent TJX Stock Surges After Earnings: What To Know

TJX TJ Maxx Ernie Herrman Dylan Carden HomeGoods Homesense Marshalls Sierra
A TJ Maxx shopping cart .

TJX Companies (TJX) stock jumped higher Wednesday after the off-price retailer beat sales and earnings expectations for its fiscal first quarter and raised its outlook for the full year.

In the thirteen weeks ended May 4, the parent company of TJ Maxx, Marshalls, HomeGoods, Homesense and Sierra saw revenue increase 5.9% year-over-year to $12.5 billion. Earnings per share (EPS) were up 22.4% from the year prior to 93 cents.

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