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TJX COMPANIES INC /DE/ 8-K Report, Financial Results (May 20, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed May 20, 2026
Period End
May 20, 2026
Security
TJX
In the record · 2016–202610-K1110-Q328-K102

TJX filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 102 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Feb ’19Feb ’19
  2. Leadership change8-K · Feb ’21Feb ’21
  3. Material agreement8-K · May ’25May ’25

01—Abstract

Summary

Summary of the 8-K filed May 20, 2026. Cited figures are marked; the original filing is the authoritative source.

TJX Companies reported first quarter Fiscal 2027 results (quarter ended May 2, 2026) that came in well above its internal plan on nearly every key metric.

Net sales rose 9% to $14.3 billiona, consolidated comparable sales increased 6% (versus 3% a year earlier), pretax profit margin expanded 1.7 percentage points to 12.0%, and diluted EPS grew 29% to $1.19 from $0.92. Gross margin improved 1.8 points to 31.3% on merchandise margin gains, favorable fuel and inventory hedges, and expense leverage, while SG&A was roughly flat as a percentage of sales. Marmaxx (U.S.) and HomeGoods both delivered strong comp growth of 6% and 9%, respectively, and the company generated $1.1 billion of operating cash flow and ended the quarter with $5.6 billion in cash. management raised full-year Fiscal 2027 guidance across the board: comparable sales growth of 3% to 4%, pretax margin of 11.9% to 12.0%, diluted EPS of $5.08 to $5.15, and a share repurchase range of $2.75 to $3.0 billion.

However, management noted it is not flowing through the full first-quarter outperformance, because its outlook now assumes higher fuel costs for the rest of the year. Second quarter guidance is more modest, calling for comp growth of 2% to 3%, pretax margin of 11.4% to 11.5%, and EPS of $1.15 to $1.17b. Investors should also note that inventory rose 8% year over year to $7.7 billion, reflecting opportunistic buying, and that total debt is about $2.9 billion following the current portion reclassification.

Overall, the quarter reflects strong execution and healthy consumer demand for off-price retail, with capital returns continuing at a robust pace: $1.1 billionc returned to shareholders in the quarter and roughly $3.5 billion of buyback capacity available. The key watch items for investors are whether the second-quarter guide reflects conservatism, how fuel costs evolve, and whether inventory growth keeps pace with sales.

02—Key points

Key Highlights

  1. Net sales increased 9% to $14.3 billion; consolidated comparable sales rose 6%, well above plan and versus 3% a year earlier.
  2. Diluted EPS of $1.19 was up 29% from $0.92, and pretax profit margin expanded 1.7 points to 12.0%.
  3. Gross margin rose 1.8 points to 31.3%, driven by merchandise margin gains, favorable fuel and inventory hedges, and expense leverage.
  4. FY27 guidance raised: comp sales +3% to 4%, pretax margin 11.9% to 12.0%, diluted EPS $5.08 to $5.15, and buybacks $2.75 to $3.0 billion.
  5. Full-year raise is smaller than the Q1 beat because management assumes higher fuel costs for the rest of the year; Q2 guide is comp +2% to 3% and EPS $1.15 to $1.17.
  6. Returned $1.1 billion to shareholders in Q1 ($604 million buybacks, $471 million dividends); about $3.5 billion remains available for repurchase.
  7. Inventory rose to $7.7 billion (up about 8% year over year), with operating cash flow of $1.1 billion and cash of $5.6 billion at quarter-end.

03—Questions

Frequently Asked Questions

  1. Why did TJX raise full-year guidance by less than its first-quarter beat?

    Management said it is not flowing through the entire Q1 above-plan margin and EPS performance. The updated full-year outlook assumes higher fuel costs will persist for the rest of FY27, which is unfavorable to pretax margin and EPS relative to the prior outlook.

  2. How strong was the sales growth and what drove it?

    Consolidated comp sales grew 6%, with Marmaxx up 6%, HomeGoods up 9%, TJX Canada up 7%, and TJX International up 4%. Reported net sales grew 9% to $14.3 billion, with foreign currency adding about one point. Management cited increased customer transactions across all divisions.

  3. What does the inventory increase mean for investors?

    Merchandise inventories rose to $7.7 billion from $7.1 billion, and per-store inventory was up 7% reported (6% constant currency). Management attributed this to excellent buying opportunities in the marketplace and plans to flow fresh assortments into spring and summer. Investors should watch whether inventory growth stays in line with sales growth.

  4. How is TJX returning capital and what is its balance sheet position?

    TJX returned $1.1 billion in Q1 through $604 million of buybacks and $471 million of dividends. The FY27 buyback range was raised to $2.75 to $3.0 billion, and about $3.5 billion was available under existing and new authorizations. The company ended the quarter with $5.6 billion of cash and about $2.9 billion of total long-term debt, including the current portion.

04—Continue

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