TJX Q2 2027: How HomeGoods and International Saved a Soft Marmaxx Quarter
As seen on the 24/7 Wall St. homepage on August 19, 2026.
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.
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TJX CEO Ernie Herrman described the second quarter as above-plan at the consolidated level, with overall comparable sales rising 4% and both profitability and earnings per share clearing management's own expectations. That headline number matters because the company set a bar for itself and then stepped over it, even before analysts enter the picture.
The complication inside that result is Marmaxx, the largest division in the portfolio, which fell short of internal expectations on comparable sales. For a business where Marmaxx carries the most weight, a miss there would normally drag the whole quarter down.
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It did not, because HomeGoods, TJX Canada, and TJX International each posted comparable sales increases of 6% to 7%. That range of performance across three geographically and merchandising-distinct divisions is precisely the argument TJX has long made for its global structure: when one segment stumbles, the others have enough momentum to absorb it.
The profitability beat is the detail professionals will focus on: earnings per share and margin landing above plan on that revenue base suggests cost discipline or favorable merchandise mix held up even as Marmaxx traffic softened. That combination of top-line resilience plus profit upside is what has historically supported a premium valuation for this stock.
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Mentioned: TJX