TJ Maxx Parent Tops Expectations as Bargain Goods Still Sell (2)

Off-price retailer TJX Cos. raised its full-year earnings per share outlook after better-than-expected results, a sign that shoppers wary of economic uncertainty are turning to discounters.

The TJ Maxx and Marshalls parent now expects full-year earnings per share of $4.52 to $4.57, up from $4.34 to $4.43. The company said it assumed it will be able to offset the significant pressure it expects from tariffs throughout next year.

Revenue of $14.4 billion in the three months ending Aug. 2 beat analysts’ expectations. Chief Executive Officer Ernie Herrman said in the statement that the current quarter is “off to a ...