10-QPeriod: Q1 FY2027

TJX COMPANIES INC /DE/ Quarterly Report for Q1 Ended May 2, 2026

Filed May 29, 2026For Securities:TJX

Summary

TJX Companies reported a strong first quarter for fiscal year 2027, with net sales increasing by 9% to $14.3 billion, driven by a solid 6% increase in comparable store sales. This growth demonstrates the company's continued ability to attract customers to its off-price model. Diluted earnings per share (EPS) saw a significant improvement, rising to $1.19 from $0.92 in the prior year's quarter, indicating enhanced profitability. The company's pre-tax profit margin also expanded by 1.7 percentage points to 12.0%, reflecting improved operational efficiency and favorable merchandise margins. TJX continues to return value to shareholders, with $1.1 billion returned through share repurchases and dividends during the quarter, underscoring a commitment to capital allocation. The company also provided an optimistic outlook for capital expenditures, planning for $2.2 to $2.3 billion for the full fiscal year.

Financial Highlights

47 data points
Beta

Revenue

$14.32B

31.3% Gross Margin

Net Income

$1.33B

9.3% Net Margin

EPS (Diluted)

$1.19

Total Assets

$36.16B

Cash & Equivalents

$5.58B

Free Cash Flow

$457.00M

Financial Statements
Beta
Revenue$14.32B
Cost of Revenue$9.84B
Gross Profit$4.48B
SG&A Expenses$2.79B
Net Income$1.33B
EPS (Basic)$1.20
EPS (Diluted)$1.19
Shares Outstanding (Basic)1.11B
Shares Outstanding (Diluted)1.12B

Key Highlights

  • 1Net sales increased 9% year-over-year to $14.3 billion.
  • 2Comparable store sales increased 6% year-over-year.
  • 3Diluted Earnings Per Share (EPS) grew to $1.19 from $0.92 in the prior year.
  • 4Pre-tax profit margin improved to 12.0% from 10.3% in the prior year.
  • 5Total capital expenditures for the first quarter were $662 million, with an anticipated full-year spend of $2.2 to $2.3 billion.
  • 6The company returned $1.1 billion to shareholders through share repurchases and dividends.
  • 7Merchandise inventories increased 7% year-over-year on a per-store basis.

Frequently Asked Questions

The primary driver of the 9% increase in net sales to $14.3 billion was a robust 6% increase in comparable store sales, complemented by a 2% increase from non-comparable sales and a 1% positive impact from foreign currency.

Profitability improved significantly, with diluted earnings per share (EPS) increasing to $1.19 from $0.92 in the prior year's first quarter. Additionally, the pre-tax profit margin expanded by 1.7 percentage points to 12.0%.

TJX is actively returning capital to shareholders through a combination of share repurchases and dividend payments. In the first quarter, the company returned a total of $1.1 billion through these mechanisms. As of May 2, 2026, approximately $3.5 billion remained available under existing stock repurchase programs.

TJX anticipates capital expenditures for the full fiscal year 2027 to be in the range of $2.2 billion to $2.3 billion. These expenditures are planned to be funded by existing cash balances and internally generated funds and will primarily focus on store improvements, new store investments, and enhancements to distribution centers and IT infrastructure.