The TJX Companies, Inc. Earnings Recaps
Q2 2027
Aug 21, 2026
The stock declined 6.7% as investors were clearly disappointed by Deceleration and execution issues at the Marmaxx division, which weighed heavily despite solid performance elsewhere and an upbeat overall outlook.
Key takeaways
- Consolidated comparable sales rose 4%, above plan, but Marmaxx comps grew only 1%, below expectations due to poor store mix execution.
- Marmaxx segment profits remained flat yoy, reflecting challenges in driving traffic despite higher average basket size.
- HomeGoods, Canada, and International divisions delivered strong comps between 6-7% with margin expansion, highlighting uneven strength across segments.
- Adjusted pretax profit margin improved 50bps to 11.9%, and adjusted EPS rose 11% to $1.22, both above plan, benefiting from merchandise margin gains and operational efficiencies.
- Management’s optimism on margin and EPS guidance lift was not enough to offset investor concerns about fundamental execution at the largest division.
Q4 2026
Feb 26, 2026
TJX Companies reported strong fourth quarter results, exceeding expectations with net sales of $17.7 billion and a 5% increase in comparable store sales, reflecting robust consumer demand across all divisions.
Key takeaways
- Fourth quarter net sales increased 9% year-over-year, with adjusted diluted EPS rising 16% to $1.43.
- Full year net sales surpassed $60 billion, marking a significant milestone for the company.
- Adjusted gross margin improved to 31.1%, driven by higher merchandise margins and effective expense management.
- Strong performance in apparel and home categories contributed to comp sales growth across all divisions.
- The company expects continued positive trends as it enhances the customer shopping experience with store remodels and new merchandise assortments.