TJX’s earnings beat expectations, but investors are still nervous—thanks to a miss in their biggest division, Marmaxx, and a projected slowdown ahead. Sales rose 5% year-over-year, same-store sales jumped 4%, and GAAP earnings surged 24% thanks to tariff refunds. Still, the market’s focus is on the underperforming core brands and cautious growth forecasts, leaving analysts watching closely for next quarter’s momentum.
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