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TJX Reports Q2 FY27 Results; Above-Plan Comp Sales Growth of 4%; Pretax Profit Margin and Diluted EPS Both Well Above Plan; Increases Full Year FY27 Pretax Profit Margin and EPS Guidance

TJX
  • The TJX Companies, Inc. reported Q2 Fiscal 2027 net sales of $15.2 billion, up 5% year-over-year, with consolidated comparable sales increasing 4%.
  • Q2 diluted earnings per share were $1.36, up 24%, while adjusted diluted earnings per share were $1.22, up 11%.
  • Pretax profit margin reached 13.3%, up 1.9 percentage points, with adjusted pretax profit margin at 11.9%, up 0.5 percentage points.
  • Results included a net $219 million benefit from IEEPA tariff refunds, partially offset by $112 million in incremental compensation expense accruals.
  • The company returned $1.3 billion to shareholders in Q2 via $798 million in share repurchases and $529 million in dividends.
  • Q2 comparable sales grew 1% for Marmaxx, 7% for HomeGoods, 6% for TJX Canada, and 7% for TJX International.
  • The company raised its full-year Fiscal 2027 pretax profit margin guidance to 12.3%-12.4% and diluted earnings per share guidance to $5.31-$5.36.
  • Global store count increased to 5,285, with plans to accelerate store growth to 4% starting in Fiscal 2028.
  • The long-term global store target was increased by 500 units to a total of 7,500 stores.
  • For the third quarter of Fiscal 2027, the company expects comparable sales to rise 2%-3% and pretax profit margin to be 12.8%-12.9%.
  • Inventory levels stood at $7.9 billion as of August 1, 2026, representing a 2% increase on a reported basis.
  • Operating cash flow for Q2 was $2.2 billion, leaving the company with $6.0 billion in cash at quarter-end.