TJX’s stock heads for record as better-than-expected quarterly sales offset soft guidance

TJX Cos. Inc.’s stock rose 0.5% on Wednesday to put it on track for a fresh record, as investors weighed better-than-expected sales in the fiscal fourth quarter against guidance for fiscal 2025 that lagged estimates. Also supporting the stock, the Framingham, Mass.-based company TJX, +0.97%said it expects to increase its dividend by 13% and buy back $2 billion to $2.5 billion of stock in fiscal 2025.Chief Executive Ernie Herrman said the numbers were ahead of the company’s own expect