India, May 20 -- Shares of TJX Companies, Inc. were gaining around 4 percent in the pre-market activity after the off-price apparel and home fashions retailer on Wednesday issued positive outlook for second quarter and raised fiscal 2027 view, after reporting strong first-quarter results.
Further, the firm raised its range for share repurchases to $2.75 billion to $3.0 billion of TJX stock during Fiscal 2027. The company previously expected to buy back approximately $2.50 billion to $2.75 billion of stock in fiscal 2027.
Ernie Herrman, Chief Executive Officer and President, stated, "All of our divisions delivered strong comparable sales growth and increases in customer transactions. With our above-plan first quarter results, we are raisin...