GuidanceTJX did not beat comp plan and had some softness on gross margins, both in the first quarter and second quarter guidance.
Margin PressureThe first quarter results were relatively soft, with Marmaxx comps missing expectations and gross margins below the target.
Quarterly PerformanceQ1 was a tricky quarter for the usually smooth-sailing TJX, with some comp softness, tariff pressure, and concerns around supply, which took the edge off the stock.