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May 03
TJX Q1 2026 Earnings Report
TJX posted strong Q1 results with revenue and EPS above plan, driven by a 3% increase in comparable sales.
Key Takeaways
The TJX Companies reported solid Q1 FY26 performance, delivering higher-than-expected revenue and profitability. All divisions showed comp sales growth and the company reaffirmed its full-year guidance.
Net sales reached $13.1 billion, a 5% increase year-over-year.
Diluted EPS came in at $0.92, slightly above internal expectations.
Net income totaled $1.036 billion for the quarter.
Comparable store sales rose 3%, driven by increased customer transactions.
TJX
TJX
TJX Revenue by Segment
TJX Revenue by Geographic Location
Revenue by Segment
Marmaxx Revenue
CapyFin.comHomeGoods Revenue
CapyFin.comTJX Canada Revenue
CapyFin.comTJX International Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comCanada Revenue
CapyFin.comEurope & Australia Revenue
CapyFin.com Forward Guidance
TJX maintained its full-year FY26 guidance, expecting solid comp sales growth and earnings despite ongoing tariff pressures.
Positive Outlook
- Maintains full-year comp sales guidance of +2% to +3%
- Full-year EPS expected between $4.34 and $4.43
- Pretax profit margin forecasted at 11.3% to 11.4%
- Strong start to Q2 supports confidence in outlook
- Continued momentum in customer transactions across all divisions
Challenges Ahead
- Tariffs remain a headwind impacting margins and EPS
- Foreign exchange expected to reduce EPS growth by ~3%
- Pretax margin in Q1 was down 0.8 points YoY
- Gross margin declined 0.5 points due to inventory hedging
- SG&A expenses rose due to higher store wage and payroll costs
Revenue & Expenses
Visualization of income flow from segment revenue to net income