TJX (TJX.US) raises annual profit expectations, strong demand for low-priced goods driving growth.

Intellifinance APP learned that on Wednesday, TJX Companies (TJX.US) released its second-quarter financial report and raised its annual profit forecast. TJX's second-quarter sales and profits exceeded expectations, driving the company's stock price up by nearly 5% in pre-market trading. Despite lingering concerns in the market about the impact of tariff policies on consumer spending, the company is betting that demand for its discount retail stores will remain resilient.