Off-price leaders delivered divergent Q2 results: Ross grew comparable sales 10% on customer traffic, while TJX posted 4% above plan. Ross guided Q3 to 6%–7% comp growth, nearly triple TJX's 2%–3% plan, signaling a widening momentum gap in the value segment.
Investors treated comparable off-price quarters as different industries. Ross posted 10% comp growth and guided Q3 to 6%–7%, sending shares up 4%; TJX beat and raised its full-year outlook but guided to 2%–3% comp, falling 4% and nearing its 52-week low.
Source: The Motley Fool · fool.com
TJX Companies achieved a milestone $60.4 billion in annual sales, driven by a 5% comparable sales increase and improved shrink management. Conversely, Agilent Technologies reported a 100-basis point gross margin decline due to tariff headwinds and softening demand in government-funded sectors.