The TJX Companies, Inc. · TJX · FY2027 Q1 · Calendar Q2 2026

TJX Beats on Q1 FY2027 With 6% Comp Sales, Raises Full-Year Guidance

TJX Companies delivered a strong start to fiscal 2027, with Q1 comparable sales growth of 6%, gross margin expansion of 180 basis points, and EPS of $1.19 -- 17% above consensus. The off-price value proposition continues to resonate across income demographics, with HomeGoods leading division performance at 9% comp growth. Management raised full-year revenue and EPS guidance and increased the share buyback authorization to $2.75-$3.0 billion, signaling confidence in sustained momentum through international expansion, targeted marketing, and disciplined inventory management.

Reported Before market openNYSEConsumer Cyclical $172.75B market cap
100quality score

Company context

Snapshot as of publication

The TJX Companies, Inc., alongside its various associated businesses, functions as a major discount retailer focusing on clothing and household decor. Its operations are organized into four primary divisions: Marmaxx, HomeGoods, TJX Canada, and TJX International. The enterprise markets an extensive selection of goods, including clothing for all family members (such as shoes and complementary items); a broad array of home furnishings and accessories (ranging from essential household goods, furniture, floor coverings, and lighting fixtures to gift items, soft textiles, decorative pieces, dining wares, and kitchen utensils), alongside growing departments for pet supplies, children's products, and gourmet foodstuffs.…

Earnings scorecard

Reported versus consensus
Reported EPS $1.19 Consensus $1
EPS surprise +16.7% Reported versus consensus
Reported revenue $14.32B Consensus $14.02B
Revenue surprise +2.2% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move +5.7% Event window
SPY move +1.0% Same window
Abnormal move +4.6% Stock minus SPY
Volume 1.8× Versus trailing sessions
Subsequent drift +2.9% Up to 20 sessions
TJXSPY benchmark

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Transcript intelligence

What changed

Compared to the prior quarter's maintained guidance and 5% comp growth, TJX accelerated to 6% comp sales and shifted guidance sentiment from maintained to raised. The prior quarter flagged tariff uncertainty as a key risk; this quarter, management highlighted favorable fuel hedges and inventory management as margin tailwinds that drove 180 bps of gross margin expansion. The first Spain store opened successfully with strong customer reception, and a new Mexico joint venture with Akzo for Promoter Stores was formed, extending the international expansion story beyond what was previously outlined.

Guidance delta

Full-year FY2027 sales guidance was raised to $63.2-$63.7 billion and EPS to $5.08-$5.15. The share repurchase program was increased to $2.75-$3.0 billion. The prior quarter had guided to 2-3% comp sales growth with flat-to-slightly higher margins; this quarter's 6% comp result and margin expansion prompted a clear upgrade.

Key takeaways

  • Q1 comparable sales rose 6% with margins improving, driven by higher basket size and transactions
  • Full-year sales and earnings guidance was upgraded, reflecting management confidence in continued growth
  • HomeGoods delivered the strongest division performance with 9% comp sales and margin expansion
  • Fuel hedges and inventory management contributed to gross margin expansion of 180 basis points
  • The first TJX store in Spain opened with strong customer response, and a new Mexico JV with Akzo was formed

Management priorities

  • Open additional stores in Spain and pursue further international expansion
  • Expand the joint venture with Akzo for Promoter Stores in Mexico
  • Continue investing in marketing analytics and digital campaigns targeting younger shoppers
  • Refresh store environments through remodeling and new prototype designs
  • Maintain aggressive vendor sourcing to sustain high merchandise availability

Related earnings events

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-20T17:21:45.722695+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-07-28T15:51:00.532625+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-28T15:51:00.530074+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.