Owner of T.J. Maxx, HomeGoods rings up record sales as consumers keep bargain hunting

TJX shares jumped nearly 4% Wednesday morning after the discount retailer reported strong fourth-quarter earnings results.

Nia Warfield

2/26/25 9:30AM

Shares of TJX jumped 3.5% Wednesday morning after the discount retailer dropped strong fourth-quarter earnings results. TJX, which owns T.J. Maxx, Marshall’s, and HomeGoods, and has built a strong following thanks to its popular marked-down designer merchandise. While revenue came in flat to slightly down compared to the same period last year (which included an extra week!), consolidated same-store sales grew by 5%. Adjusted diluted earnings per share reached $1.23, besting Wall Street’s estimate for $1.16.

It was a banner year for the discount retailer, which notched a record $56.4 billion in sales for the 12 months ending February 1 and opened its 5,000th store. Lower- and middle-income consumers have been moving down-market to discount retailers as they cut back on nonessentials. For its fiscal year 2026 (which started February 2, 2025), TJX projects an additional 2% to 3% jump in consolidated comparable-store sales. The company also plans to boost its dividend by 13% and repurchase $2 billion to $2.5 billion in stock for the 2026 fiscal year.

Luke Kawa

29m

GameStop falls after Q3 revenues dip about 5% year-on-year

The video games and collectibles retailer just reported Q3 results.

Tasha Matsumoto

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Stocks waver ahead of tomorrow’s interest rate decision

The S&P 500 struggled for direction, but small caps were trading near all-time highs.

The small polar bear lady Antonia eats an ice cake with fruit and vegetable filling at the zoo in Gelsenkirchen, Germany, 20 December 2017.

>20%

Matt Phillips4h

The buy-the-dip bid from retail traders has been a massive market theme throughout 2025, and analysts at Jefferies have tried to quantify just how big of a footprint individual traders now have in US markets.

In a note published Tuesday, they wrote (emphasis added):

“Retail investors have become an increasingly relevant component of the US trading ecosystem, representing >20% of volume — and even higher among names <$5. Growth in accounts, assets, and activity is reflected in the growth of Robinhood, Interactive Brokers, Charles Schwab, etc. A burgeoning product suite, expanded trading hours, and increased investor education support continued growth. Retail interest is here to stay; institutional investors should adjust their strategies accordingly.”

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions.)

Luke Kawa5h

JPMorgan said Marvell’s management told them their Microsoft and Amazon custom chip business is on track, contradicting other reports

The latest release from the Marvell Chipematic Universe is out:

JPMorgan analyst Harlan Sur hosted a meeting with Marvell Technology President and COO Chris Koopmans and Senior VP of Investor Relations Ashish Saran on Monday amid reports that the chip company was poised to lose business from its two biggest hyperscaler custom chip clients: Amazon and Microsoft.

Benchmark downgraded the company on Monday, citing a loss of Trainium3 and 4 business, while The Information said on Friday the latter was planning on shifting its business to Broadcom. Shares tumbled 7% on Monday, erasing all of its post-earnings bounce, and are down again on Tuesday.

The message communicated to Sur from Marvell is, in short, one of Vince Vaughn’s quotable lines in “Wedding Crashers”: “Erroneous! Erroneous on both counts!”

“At our meeting yesterday, the Marvell team reiterated securing purchase orders for all of CY26 for the next-gen Trainium 3 XPU ASIC program at AWS and that the Microsoft 3 nanometer Maia AI XPU ASIC program remains on track to ramp back-half of calendar year 2026 and into calendar year 2027,” Sur wrote in a note to clients on Tuesday. “Moreover, the team reiterated that they are already working on next-gen 2 nanometer XPU programs for both customers.”

The analyst maintained a $92 price target and “overweight” rating on the shares.

Sur added that Marvell’s management “remains perplexed/frustrated at all of the ‘noise’ in the market.”

This whole thing is starting to have the feel of a three- to four-episode subplot arc from HBO’s “Billions.”

David Crowther

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Owner of T.J. Maxx, HomeGoods rings up record sales as consumers keep bargain hunting

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JPMorgan said Marvell’s management told them their Microsoft and Amazon custom chip business is on track, contradicting other reports

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