TJX Earnings: Brand Continues to Resonate With Consumers, but Shares Remain Overpriced

TJX's comparable sales increased 4% in its second quarter, backing a 6.9% sales increase. Respective pretax margin and EPS of 11.4% and $1.10 were above the top of guidance at 10.5% and $1. TJX lifted its full-year comp outlook to 3% growth (from 2%-3% prior) and EPS to $4.52-$4.57 ($4.34-$4.43).