Shares of off-price retailer TJX Cos (TJX.N) drop about 4% at $145 premarket.
The company forecasts third-quarter profit below estimates, as consumers rein in discretionary spending amid macroeconomic uncertainty.
It expects Q3 adjusted EPS of $1.30 to $1.32, excluding a 6-cent benefit from tariff refunds, below analysts' estimates of $1.35 according to data compiled by LSEG.
TJX reaffirms its annual comparable sales forecast of 3% to 4% growth.
It sees fiscal 2027 profit between $5.31 and $5.36 per share, compared with its prior target of $5.08 to $5.15 per share.
The company reports Q2 sales of $15.18 billion, narrowly beating expectations of $15.16 billion.
It logs Q2 adjusted EPS of $1.22 versus estimates of $1.19.
Up to the last close, the stock was down about 2% year to date.
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