(Boursier.com) — TJX , the American retail chain, announced for the second quarter of its lagged fiscal year 2023 a pre-tax margin of 9.2% higher than its plans, as well as a diluted earnings per share of 69 cents at the high end of the range. guidance. However, like-for-like US sales declined 5% year-on-year. Like-for-like growth for the Marmaxx clothing brand was slightly positive. The group lowers its guidance for annual earnings per share between $2.87 and $2.95. Adjusted EPS estimates now range from $3.05 to $3.13, again a downward revision. Finally, annual comparable US sales are now expected to decline by 2 to 3%, whereas the group previously envisaged growth.
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