New York, May 20, 2026, 09:05 EDT
- TJX lifted its forecast for fiscal 2027 comp sales, margin, earnings and buybacks, coming off a first quarter that topped expectations.
- TJX shares traded up 3.6% before the opening bell after the results, according to Reuters.
- The company said fuel costs are still weighing on its forecast for the full year.
TJX Companies, Inc. raised its full-year sales and earnings forecasts Wednesday, saying shoppers are still coming to T.J. Maxx, Marshalls and HomeGoods. The move gives investors more signs that discount chains continue to attract families looking to manage expenses.
TJX shares rose 3.6% before the bell after the retailer raised its share buyback target, Reuters reported. The move came ahead of Wednesday’s regular NYSE hours, set from 9:30 a.m. to 4 p.m. EDT.
TJX is drawing shoppers hunting for bargains. The company operates on an off-price model, selling branded and designer goods below typical retail prices, appealing to those keeping an eye on expenses. That’s what TJX Companies is banking on at the moment.
TJX Companies said comparable sales increased 6% for the first quarter through May 2. Net sales picked up 9% to $14.32 billion. Net income came in at $1.3 billion. Diluted earnings per share were $1.19, up 29%.
TJX posted a pretax profit margin of 12.0%, up 1.7 points from a year ago. The company said higher sales, gains from fuel hedging, and better merchandise margin helped drive the improvement.
TJX CEO Ernie Herrman said the quarter’s results were “well above our plan” and said the “second quarter is off to a good start.” Herrman said the branded goods supply was “outstanding” and merchandise availability remained strong. The TJX Companies, Inc.
TJX divisions posted sales gains. Marmaxx, which operates T.J. Maxx, Marshalls and Sierra in the U.S., reported same-store sales up 6%. HomeGoods saw sales climb 9%. Canada was up 7%, and Europe and Australia rose 4%.
TJX raised its fiscal 2027 same-store sales outlook to 3% to 4%, up a point from its earlier 2% to 3% call. The retailer expects diluted EPS between $5.08 and $5.15, more than the old $4.93 to $5.02 forecast. TJX also boosted its planned buybacks to as much as $3.0 billion, lifting the range from $2.75 billion.
Target raised its annual sales growth target after a solid quarter, putting out its update on a busy day for retail. Reuters said the company is still fighting to win bargain-focused shoppers against rivals like Walmart, Amazon, TJX, and Ross Stores.
TJX stuck to its annual forecast after beating in Q1, as it flagged higher fuel costs ahead. Reuters put the squeeze partly on the Iran conflict. The company said more expensive freight and energy, plus softer spending as shoppers trade down, could cut into profit, despite the rise in sales.
TJX ended the quarter with $5.6 billion in cash. The company repurchased $604 million of its stock and paid $471 million in dividends. TJX also opened 48 new stores, bringing the total to 5,262 locations.
TJX is scheduled to hold its earnings call at 11:00 a.m. ET. Investors are looking for updates on store traffic, inventory quality and any commentary on how long fuel pressure remains elevated.
