TJX Companies

TJX Q1 2026 Earnings

Reported May 21, 2025 at 9:16 AM ET · SEC Source

Q1 26 EPS

$0.92

BEAT +0.79%

Est. $0.91

Q1 26 Revenue

$13.11B

BEAT +0.64%

Est. $13.03B

vs S&P Since Q1 26

-3.0%

TRAILING MARKET

TJX +20.6% vs S&P +23.6%

Market Reaction

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-pric… Read more 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 the off-price model's resilience 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.

Key Takeaways

  • 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
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TJX YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

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TJX Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 26 Q4 26
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TJX Revenue by Geography

With YoY comparisons, source: SEC Filings

Q1 26 Q3 26

“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.”

— Ernie Herrman, Q1 2026 Earnings Press Release