The TJX Companies, Inc. provided earnings guidance for the second quarter and full year of fiscal 2023. For the second quarter, the Company is planning U.S. comparable store sales to be down 1% to down 3% versus a 21% U.S. open-only comp store sales increase in the second quarter of Fiscal 2022. This comp sales guidance implies stronger 3-year stacked comp sales growth in the second quarter of Fiscal 2023 than in the first quarter of Fiscal 2023. For the second quarter of Fiscal 2023, the Company expects diluted earnings per share to be in the range of $0.65to $0.69. Next, they are planning total second quarter TJX sales in the range of $12.0 billion to $12.2 billion.

For the full year, the company expects U.S. comparable store sales to be up 1% to 2% over a 17% U.S. open-only comp store sales increase in Fiscal 2022, which reflects the Company's actual first quarter U.S. comp sales and second quarter U.S. comp sales plan. The Company expects diluted earnings per share in the range of $2.94 to $3.01. For the full year, they are now planning total TJX sales in the range of $51.3 billion to $51.8 billion. The lower sales guidance is primarily a result of a change in FX rates, which reduced their full year sales forecast by approximately $700 million as well as their lower-than-planned first quarter sales.