Investing.com -- The TJX Companies (NYSE:TJX) raised its annual adjusted profit per share forecast and unveiled better-than-anticipated second-quarter earnings, as the discount department store corporation was boosted by rising traffic from inflation-hit consumers hunting for bargains.
The TJ Maxx parent improved its outlook for full-year adjusted diluted earnings per share to between $3.56 and $3.62, up from its prior guidance of $3.39 to $3.48. Bloomberg consensus estimates had seen the forecast at $3.58.
Shares in the company climbed in premarket U.S. trading on Wednesday.