01—Abstract
Summary
Summary of the 10-Q filed May 29, 2026. Cited figures are marked; the original filing is the authoritative source.
TJX Companies reported a strong first quarter for fiscal year 2027, with net sales increasing by 9% to $14.3 billiona, 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 $1.19b 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 billionc 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.
02—Key points
Key Highlights
- Net sales increased 9% year-over-year to $14.3 billion.
- Comparable store sales increased 6% year-over-year.
- Diluted Earnings Per Share (EPS) grew to $1.19 from $0.92 in the prior year.
- Pre-tax profit margin improved to 12.0% from 10.3% in the prior year.
- Total capital expenditures for the first quarter were $662 million, with an anticipated full-year spend of $2.2 to $2.3 billion.
- The company returned $1.1 billion to shareholders through share repurchases and dividends.
- Merchandise inventories increased 7% year-over-year on a per-store basis.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-QQ1 FY2027filed May 29, 2026Financial Statements
Q1 FY2027 against Q1 FY2026
| Line item | Q1 FY2027Q1 FY2026 | Change |
|---|---|---|
| Revenue | $14.32B$13.11B | +9.2% |
| Cost of Revenue | $9.84B$9.25B | +6.5% |
| Gross Profit | $4.48B$3.87B | +15.9% |
| SG&A Expenses | $2.79B$2.55B | +9.6% |
| Net Income | $1.33B$1.04B | +28.6% |
| EPS (Basic) | $1.20$0.93 | +29.0% |
| EPS (Diluted) | $1.19$0.92 | +29.3% |
| Shares Outstanding (Basic) | 1.11B1.12B | −1.1% |
| Shares Outstanding (Diluted) | 1.12B1.13B | −1.1% |
05—Questions
Frequently Asked Questions
What was the primary driver of the increase in net sales?
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.
How did TJX's profitability change compared to the previous year?
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%.
What is the company's strategy for returning capital to shareholders?
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.
What are the company's plans for capital expenditures?
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.
06—Continue