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TJX Companies

TJX Companies (TJX) Q1 2027 Earnings

Reported May 20, 2026 at 9:12 AM ET · SEC Source

Q1 27 EPS

$1.19

BEAT +19.00%

Est. $1.00

Q1 27 Revenue

$14.32B

BEAT +2.26%

Est. $14.01B

vs S&P Since Q1 27

-1.2%

TRAILING MARKET

TJX +0.0% vs S&P +1.2%

Market Reaction

Did TJX Beat Earnings? Q1 2027 Results

TJX Companies delivered a standout first quarter of Fiscal 2027, beating Wall Street expectations across the board and extending its EPS consensus beat streak to four consecutive quarters. The off-price retailer posted earnings per share of $1.19, cl… Read more TJX Companies delivered a standout first quarter of Fiscal 2027, beating Wall Street expectations across the board and extending its EPS consensus beat streak to four consecutive quarters. The off-price retailer posted earnings per share of $1.19, clearing the $1.00 consensus estimate by 19.00%, while revenue of $14.32 billion topped the $14.01 billion forecast by 2.26% and grew 9.2% year over year. The headline driver was a broad-based surge in comparable sales, up 6% consolidated, with HomeGoods leading all divisions at 9% comps and every segment reporting higher customer transaction counts, a signal that shoppers are leaning into value-focused retail. Pretax profit margin expanded 1.7 percentage points to 12.0%, fueled largely by a 1.8 percentage point improvement in gross margin to 31.3%, as higher merchandise margins and favorable hedges amplified the benefit of above-plan sales. Net income climbed to $1.33 billion from $1.04 billion a year ago. Looking ahead, management raised its full-year diluted EPS outlook to $5.08 to $5.15 and guided Q2 EPS of $1.15 to $1.17, though it stopped short of flowing through the full Q1 upside, citing expected fuel cost headwinds for the remainder of the year.

Key Takeaways

  • • 6% consolidated comparable sales growth, well above plan
  • • Increase in merchandise margin driving gross profit margin expansion of 1.8 percentage points
  • • Favorable inventory and fuel hedges
  • • Expense leverage on above-plan sales
  • • All divisions delivered strong comparable sales growth and increases in customer transactions
  • • HomeGoods led comps at +9%, followed by TJX Canada at +7%, Marmaxx at +6%, and TJX International at +4%

TJX Forward Guidance & Outlook

For Q2 FY27, TJX expects consolidated comparable sales up 2% to 3%, pretax profit margin of 11.4% to 11.5%, and diluted EPS of $1.15 to $1.17. For full year FY27, the company raised its outlook: consolidated comparable sales growth of 3% to 4%, pretax profit margin of 11.9% to 12.0%, and diluted EPS of $5.08 to $5.15. The company increased its share buyback guidance to $2.75 to $3.0 billion. Management noted it is not flowing through the entirety of Q1 above-plan performance to full-year guidance, as it now assumes higher fuel costs will be unfavorable to pretax profit margin and EPS for the remainder of the year.

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TJX YoY Financials

Q1 2027 vs Q1 2026, source: SEC Filings

24/7 Wall St

TJX Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 26 Q1 27
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TJX Revenue by Geography

With YoY comparisons, source: SEC Filings

Q1 26 Q1 27

“I am extremely pleased with our first quarter performance. Sales, pretax profit margin, and earnings per share were all well above our plan. Throughout the quarter, our teams around the globe successfully executed on our off-price fundamentals to deliver on our value mission and offer an exciting treasure-hunt shopping experience to customers, every day.”

— Ernie Herrman, Q1 2027 Earnings Press Release

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