New York, May 20, 2026, 09:05 EDT
- TJX raised its fiscal 2027 outlook for comparable sales, margin, earnings and share buybacks after a better-than-expected first quarter.
- TJX shares gained 3.6% in premarket trading after the results, Reuters said.
- The company flagged higher fuel costs as a continued drag on its full-year outlook.
TJX Companies, Inc. lifted its yearly sales and profit outlook Wednesday as buyers kept coming to T.J. Maxx, Marshalls and HomeGoods. That’s more evidence for investors that budget retailers are still drawing shoppers as families watch their spending.
TJX shares climbed 3.6% in premarket trade after the Framingham, Massachusetts company boosted its share buyback outlook, according to Reuters. This bump happened before the regular NYSE session, which is scheduled Wednesday from 9:30 a.m. to 4 p.m. EDT.
TJX is getting attention as shoppers look for deals. The company’s off-price setup lets it move branded and designer items at lower prices than regular stores, which tends to attract buyers watching their spending. That’s the bet for right now.
TJX Companies reported a 6% jump in comparable sales for the first quarter ended May 2. Net sales rose 9% to $14.32 billion. Net income was $1.3 billion, and diluted earnings per share rose 29% to $1.19.
Pretax profit margin came in at 12.0%, up 1.7 points year over year. The company credited the higher margin to stronger sales, fuel hedging gains and improved merchandise margin.
Chief Executive Ernie Herrman said results were “well above our plan” for the quarter, and called the “second quarter is off to a good start.” Herrman said branded goods supply was “outstanding” and described merchandise availability as strong. The TJX Companies, Inc.
Gains showed up across TJX’s divisions. Marmaxx, which runs T.J. Maxx, Marshalls and Sierra in the U.S., saw comparable sales up 6%. HomeGoods posted a 9% jump. TJX Canada climbed 7%, while Europe and Australia were up 4%.
TJX lifted its fiscal 2027 comparable sales guidance to 3% to 4%, up from the previous 2% to 3%. The retailer now sees diluted EPS of $5.08 to $5.15, ahead of its old range of $4.93 to $5.02. Planned stock buybacks are also higher, now set at $2.75 billion to $3.0 billion.
Target pushed out its update during a crowded retail session. The retailer lifted its yearly sales growth outlook after posting a better quarter. Reuters reported that stores are still battling over price-conscious shoppers with Walmart, Amazon and discounters like TJX and Ross Stores.
TJX is holding back from raising its annual outlook after a first-quarter beat, citing higher fuel costs through the rest of the year. Reuters linked the pressure to the Iran war. The company said rising freight and energy costs or weaker overall spending from consumers trading down could drag on profit, even with the sales gain.
TJX finished the quarter with $5.6 billion in cash, and bought back $604 million in stock. It paid $471 million in dividends. The retailer opened 48 new stores, putting its store count at 5,262.
The company has its earnings call set for 11:00 a.m. ET. Investors want details on traffic, inventory quality and how long fuel pressure might stay elevated.
