Business
TJX Reports Q1 FY27 Results; Comp Sales up 6%, Pretax Profit Margin of 12.0%, and Diluted EPS of $1.19, up 29% Vs. Last Year, All Well Above Plan; Increases Full Year FY27 Comp Sales Growth, Pretax Profit Margin, EPS, and Share Buyback Guidance
TJX Reports Q1 FY27 Results; Comp Sales up 6%, Pretax Profit Margin of 12.0%, and Diluted EPS of $1.19, up 29% Vs. Last Year, All Well Above Plan; Increases
About this update from Tjx Companies, Inc. (the)
[{"type":"text","content":"\nThe TJX Companies, Inc. (NYSE: TJX), the leading off-price apparel and home fashions retailer in the U.S. and worldwide, today announced sales and operating results for the first quarter ended May 2, 2026. Net sales for the first quarter of Fiscal 2027 were $14.3 billion, an increase of 9% versus the first quarter of Fiscal 2026. First quarter Fiscal 2027 consolidated comparable sales increased 6%. Net income for the first quarter of Fiscal 2027 was $1.3 billion and diluted earnings per share were $1.19, up 29% versus $.92 in the first quarter of Fiscal 2026.\n\nCEO and President Comments\nErnie Herrman, Chief Executive Officer and President of The TJX Companies, Inc., stated, “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. All of our divisions delivered strong comparable sales growth and increases in customer transactions. With our above-plan first quarter results, we are raising our sales and profitability guidance for the full year. The second quarter is off to a good start, and we are excited about the initiatives we have planned to keep driving sales and attract consumers to our retail banners. Availability of quality, branded merchandise is outstanding, and we are well-positioned to take advantage of the plentiful buying opportunities we are seeing in the marketplace. Going forward, we are convinced that the flexibility and resiliency of our off-price business model will continue to be a tremendous advantage. We are energized by the opportunities we see to drive sales, continue expanding our global footprint, and capture additional market share around the world for many years to come.”\n\nComparable Sales by Division\nThe Company’s comparable sales by division for the first quarter of Fiscal 2027 and Fiscal 2026 were as follows:\n\n\n \n\n\nFirst Quarter\nComparable Sales\n \n\n\nFY2027\nFY2026\n \n\n\n \n\n\n \n\n\nMarmaxx (U.S.)1\n+6%\n\n\n+2%\n\n\nHomeGoods (U.S.)2\n+9%\n\n\n+4%\n\n\nTJX Canada3\n+7%\n\n\n+5%\n\n\nTJX International (Europe & Australia)4\n+4%\n\n\n+5%\n\n\n \n\n\n&...