Stan Wong TJX Companies TJX-N BUY Sep 04, 2025

They report next Wednesday, an important day. The street expects comp sales at 2.7%. Q2 saw a lot of gifting events--Mother's and Father's Days. He expects a strong report.

The US consumer remains a risk despite Target's strong performance today and their quarter. The lower-end consumer is challenged by inflation and are looking for discount sellers like TJX. Their margin guidance is 31%, which is phenomenal for retail. Target's number is encouraging though. He will look at them. TJX beat earnings and raised guidance.

Earnings beat and an excellent report, but guidance was conservative, and he expects TJX will beat it. They're in the sweet spot as off-price consumer goods are doing well. TJX has replaced Target in retail in consumer discretionary.

He sold a March covered all, $125 strike, expiring March 14. He loved their blow out quarter with 5% same store sales growth and raised the dividend by 13%.

Will survive this tariff war, TJX will thrive with excess inventory from suppliers.

Loves it. Will do well in a recession. Consumers are loyal.

Have totally sidestepped the tariffs, seeing momentum and fundamentals are great.

Off-price retail is in the sweet spot now, and TJX is the best at it. They reported beats and raised full-year outlook. They can avoid tariffs. Are seeing margin expansion.

They don't pay tariffs on their goods. Rather, the initial importers in the US pay.