TJX forecasts annual sales growth below estimate on weak consumer spending
ReutersFeb 26, 2025 12:35 PM
Feb 26 (Reuters) - TJX Cos TJX.N forecast its annual comparable sales growth below Wall Street estimate on Wednesday, in a sign the off-price retailer battles reduced spending from budget-conscious customers in a tough economy.
The TJ Maxx parent expects its comparable store sales to grow between 2% and 3% during fiscal 2026, compared with analysts' average estimate of a 3.4% rise, according to data compiled by LSEG.
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