The off-price giant raises its long-term store target to 7,500 locations

As seen on the 24/7 Wall St. homepage on August 19, 2026.

Earnings · 2027 Q2 Ernie Herrman CEO
Further, we are pleased to share that we are planning to accelerate our store openings to 4% starting next year and now believe we can grow our overall global store base to a total of 7,500 stores in our existing retail banners in our current countries over the long term. We remain very confident in the long runway for growth ahead for TJX and we are excited about the opportunities we see to bring great values to even more consumers around the world.

A raised long-term store target on the fiscal Q2 call tells you TJX sees runway while U.S. retail sales slip, and the faster build pace next year lands squarely on Ross and Burlington's turf. Off-price share is being taken store by store.

TJX +1.18% since the quote
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On the fiscal second-quarter earnings call, CEO Ernie Herrman raised the long-term ceiling for the global store base to 7,500 locations across existing banners and countries. Management sees demand holding up well enough to justify locking in more square footage.

That ceiling marks where Herrman and his team now believe the off-price model can reach within the current geographic and banner footprint, without entering new countries or launching new concepts. Raising it on an earnings call, rather than at an investor day, ties the confidence to what the company is seeing in current trading.

The accelerated opening pace lands directly on the same real-estate turf where Ross Stores and Burlington operate. More locations mean more access to the value-seeking consumer, and the company intends to press that advantage while competitors move more cautiously.

Shares rose 1.18% following Herrman's remarks, a reaction that shows investors treating the long-term commitment as credible. The market is pricing the target as achievable rather than aspirational.

Sources

Mentioned: TJX

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Earnings · 2027 Q2 Ernie Herrman CEO
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. While sales at Marmaxx were below our expectations, HomeGoods, TJX Canada, and TJX International all delivered terrific comp sales increases of 6% to 7%, which underscores the strength of our global diversified business.

Marmaxx, the biggest piece of the business, came in soft, and the quarter still beat plan because HomeGoods, Canada and International picked up the slack. That is the diversification case investors have been paying a premium for, and profitability and EPS both landed ahead of management's own expectations.

TJX +1.18% since the quote
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Earnings · 2027 Q2 Ernie Herrman CEO
With our strong second quarter profit results, we are raising our pretax profit margin and earnings per share outlook for the full year. Looking ahead, the third quarter is off to a strong start, and we are seeing improvement at our Marmaxx division to start the quarter. Availability of branded, quality merchandise continues to be outstanding, and we have many initiatives in place to drive sales and traffic in the upcoming fall and holiday shopping seasons.

Herrman raised guidance on both margin and EPS, betting the off-price merchandise pipeline holds through holiday, with the flagship Marmaxx division already improving in the current quarter. Watch whether that early Q3 momentum shows up in holiday comps.

TJX +1.18% since the quote
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TJX TJX Companies
Q2 2027
EPS
$1.22
est $1.19 +2.7%
Revenue
$15.18B
est $15.17B +0.1%

The selling is about Marmaxx: the biggest division, at $9.11 billion in segment sales, grew comps just 1% while HomeGoods, Canada and International posted 6% to 7%. Full-year adjusted EPS guidance moved to $5.15 to $5.20 on 4% comps, and management says Marmaxx is already improving in the third quarter.

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