The strong beat and raised guidance across comp sales, margins, and EPS confirm accelerating momentum. The raised buyback range signals management confidence. Watch for potential tariff headwinds on sourcing costs in Q2, but the off-price model's flexibility and strong inventory position provide a buffer. Consider adding to positions on any pullback.
Price Chart
Executive Summary
TJX reported Q1 FY27 EPS of $1.19 on revenue of $14.32B, beating consensus estimates of $1.00 and $14.01B by 19% and 2.2%, respectively. Comparable sales rose 6% (well above the 2-3% plan), pretax profit margin expanded 170bps to 12.0%, and the company raised full-year FY27 guidance for comp sales (to 3-4%), pretax margin (to 11.9-12.0%), EPS (to $5.08-$5.15), and share buybacks (to $2.75-$3.0B). This is a strong beat with raised guidance, signaling accelerating off-price momentum and operational leverage.
Key Financial Metrics
Key Facts
- Q1 FY27 EPS $1.19 vs consensus $1.00 (+19% beat)
- Q1 FY27 revenue $14.32B vs consensus $14.01B (+2.2% beat)
- Consolidated comparable sales +6% vs plan of +2-3%
- Pretax profit margin 12.0%, up 170bps YoY
- Gross margin 31.3%, up 180bps YoY
- Full-year FY27 EPS guidance raised to $5.08-$5.15 (from $4.93-$5.02)
- Full-year FY27 comp sales guidance raised to +3-4% (from +2-3%)
- Share buyback guidance raised to $2.75-$3.0B (from $2.50-$2.75B)
- Returned $1.1B to shareholders in Q1 via buybacks and dividends
- All four divisions delivered positive comp sales growth (Marmaxx +6%, HomeGoods +9%, Canada +7%, International +4%)
Financial Impact
EPS beat consensus by $0.19 (+19%); revenue beat by $310M (+2.2%); full-year EPS guidance midpoint raised by $0.14 (+2.8%)
Risk Factors
- Higher fuel costs assumed in H2 FY27 guidance could pressure margins
- Tariff and trade policy changes could impact merchandise costs
- Consumer spending slowdown could pressure discretionary apparel/home categories
- Elevated inventory levels (+7% per-store) could lead to markdown risk if demand softens
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000109198-26-000023 |
| Document: tjx-20260520.htm | 0000109198-26-000023 |
| Document: 0000109198-26-000023-index-headers.html | 0000109198-26-000023 |
| Document: 0000109198-26-000023-index.html | 0000109198-26-000023 |
| Document: 0000109198-26-000023.txt | 0000109198-26-000023 |
| 8-K Data (Synthetic) | 0000109198-26-000023 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 26, 2026 5w ago | ANALYST-DOWNGRADE | $136.73 $131.63 | ▲ +3.73% | ▲ +3.87% | $132.61 (+3.01%) |
Aug 20, 2026 6w ago | ANALYST-DOWNGRADE | $140.69 $126.55 | ▲ +10.05% | ▲ +10.05% | $132.61 (+5.74%) |
Aug 19, 2026 6w ago | 8-K | $144.50 $126.55 | ▼ −12.42% | ▼ −10.47% | $132.61 (−8.23%) |
Jun 10, 2026 16w ago | Insider Cluster | $168.34 $150.90 | ▼ −10.36% | ▼ −12.25% | $132.61 (−21.22%) |
Jun 5, 2026 16w ago | Insider Cluster | $159.75 $151.31 | ▼ −5.28% | ▼ −6.91% | $132.61 (−16.99%) |
Jun 1, 2026 17w ago | Court Ruling | $152.71 $151.23 | ▼ −0.97% | ▲ +1.35% | $132.61 (−13.16%) |
May 29, 2026 17w ago | S-3ASR | $154.65 $155.43 | ▲ +0.51% | ▲ +4.14% | $132.61 (−14.25%) |
May 20, 2026 19w ago | 8-K | $159.22 $164.13 | ▲ +3.09% | ▲ +3.13% | $132.61 (−16.71%) |
Apr 30, 2026 22w ago | DEFA14A | $156.70 $154.65 | ▼ −1.31% | ▼ −6.53% | $132.61 (−15.37%) |
Feb 25, 2026 31w ago | 8-K | $155.33 $159.69 | ▲ +2.81% | ▲ +8.04% | $132.61 (−14.62%) |
US Market Status
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