•
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
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