Investing.com -- TJX shares slid about 4% in premarket trading Wednesday despite an earnings beat and raised full-year guidance, as the retailer’s third-quarter profit outlook came in below Wall Street expectations.

The company reported second-quarter earnings per share of $1.22, beating the analyst estimate of $1.19. Revenue came in at $15.2 billion, roughly in line with the $15.19 billion consensus estimate. Consolidated comparable sales rose 4%.

Adjusted pretax profit margin rose 0.5 percentage points to 11.9%, while adjusted gross profit margin increased 0.7 percentage points to 31.4%, driven by higher merchandise margin.

TJX also said it plans to raise store growth to 4% beginning in fiscal 2028 and lifted its long-term global store target to 7,500.

“I am very pleased with our above-plan consolidated results in the second quarter. Overall comparable sales increased 4%, above our plan, and both profitability and earnings per share well exceeded our expectations," Ernie Herrman, CEO of TJX.

For the third quarter of fiscal 2027, TJX guided to adjusted diluted earnings per share of $1.30 to $1.32, below the $1.34 consensus estimate. The company expects consolidated comparable sales to rise 2% to 3% and adjusted pretax profit margin of 12.3% to 12.4%, aided by additional IEEPA tariff refunds benefiting cost of sales.

For the full 2027 fiscal year, TJX raised its earnings per share guidance to $5.15 to $5.20, up from a prior range of $5.08 to $5.15, though below the $5.22 analyst estimate. The company continues to expect full-year comparable sales growth of 3% to 4% and raised its full-year adjusted pretax profit margin outlook to 12.0% to 12.1%.