TJX Companies Inc
Q1 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +4.10%.
Did TJX Beat Earnings? Q1 2026 Results
TJX Companies posted a clean beat to open fiscal 2026, with first-quarter diluted EPS of $0.92 edging past the $0.91 consensus estimate by 0.79% and net sales of $13.11 billion topping expectations by 0.64% on 5.1% year-over-year growth. The off-price retailer's consolidated comparable sales rose 3% — at the high end of management's own plan — driven by higher customer transaction counts across all four divisions, with HomeGoods, TJX Canada, and TJX International each posting 4%-5% comps. A pretax profit margin of 10.3% came in above internal targets despite contracting 0.8 percentage points year-over-year, weighed down by mark-to-market inventory hedge adjustments and incremental store wage costs. The results reinforce <a href="https://247wallst.com/investing/2026/02/25/lowes-stumbles-on-weak-guidance-while-tjx-climbs-on-broad-off-price-beat/">the off-price model's resilience</a> even as tariff pressure looms; CEO Ernie Herrman noted the company's flexibility to shift across product categories as a key offset. Full-year guidance was maintained at $4.34–$4.43 in diluted EPS on 2%-3% comp growth, assuming current tariff levels hold.
- Comparable sales growth of 3% driven by increase in customer transactions across all divisions
- Outstanding marketplace availability enabling inventory investments
- Treasure-hunt shopping experience driving customer traffic
- Strong value proposition with prices 20%-60% below full-price retailers
“I am very pleased with our first quarter performance. Overall comp sales increased 3%, at the high end of our plan, and both profitability and earnings per share were above our expectations. Our teams across the Company delivered consumers exciting values on great brands and fashions and a treasure-hunt shopping experience, every day.”
TJX Companies CEO, on the earnings call
Forward Guidance & Outlook
For Q2 FY2026, TJX expects consolidated comparable sales growth of 2%-3%, pretax profit margin of 10.4%-10.5% (down 0.4-0.5 pp YoY), and diluted EPS of $0.97-$1.00 (1%-4% increase YoY). Q2 outlook includes incremental negative tariff cost impact on merchandise committed at the time additional tariffs were announced in March and April 2025. For full year FY2026, the company maintains guidance of 2%-3% comp sales growth, pretax profit margin of 11.3%-11.4% (down 0.1-0.2 pp YoY), and diluted EPS of $4.34-$4.43 (2%-4% increase YoY). Full-year guidance assumes current tariff levels on U.S. imports from China and other countries stay in place and that TJX can offset significant incremental tariff pressure. Unfavorable FX is expected to have approximately 0.2 pp negative impact on pretax margin and approximately 3% negative impact on EPS growth for the full year.
TJX YoY Financials
TJX Revenue by Segment
TJX Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.