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Key Takeaways

• TJX stock rose on Wednesday, approaching record levels after the retailer reported better-then-expected results that offset a disappointing outlook.

• The discount retailer's comparable-store sales rose more than expected in the quarter.

• TJX also announced a new buyback of shares worth up to $2.5 billion and boosted its dividend.

TJX Cos. (TJX) stock rose Wednesday, trading around record levels after the retailer reported better-then-expected results that offset a disappointing outlook.

The parent company of T.J. Maxx, HomeGoods, and Marshall's reported earnings per share of $1.23 for the quarter, up 10% year-over-year. Sales were $16.35 billion, down about $60 million from the year-ago quarter. Both fourth-quarter figures beat consensus estimates from analysts polled by Visible Alpha.

Comparable-store sales rose by 5% from the same time last year, better than the 3% growth that analysts had forecast. Comparable sales rose across all of TJX's segments and regions in the fourth quarter and full year, the company said.

TJX's forecasts for the first quarter and fiscal 2026 were below expectations. The retailer projected a between 2% and 3% increase in comparable sales for fiscal 2026, and said it expects earnings per share in a range of $0.87 to $0.89 in the first quarter and $4.34 to $4.43 in fiscal 2026.

TJX said Wednesday it is planning a 13% increase in its quarterly dividend to $0.425 per share, pending board approval. It also announced a new buyback program of between $2 billion and $2.5 billion, in addition to the $1.1 billion remaining in its previous plan.

Shares of TJX were recently ahead about 3% and are up more than 25% over the last 12 months.

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