Why TJX Stock Dropped Today

TJX Companies beat earnings expectations with $1.22 EPS vs. $1.19 expected and 4% same-store sales growth, but stock fell 6% initially before recovering to a 1.3% decline. The decline was driven by weak guidance for Q3 (2-3% growth) and concerns about valuation, with the stock trading at 28x earnings despite only high single-digit growth prospects. Most brands outperformed except Marmaxx, the company's largest division.