TJX Beats Q1 EPS by $0.20, Comps Up 6% and Spain Store Launch
TJX Companies delivered Q1 fiscal 2027 EPS of $1.19, beating guidance by $0.20 on revenue of $14.3 billion, while comp sales rose 6% year-over-year. The company is absorbing a $0.13 fuel cost headwind in its plan and opened its first store in Spain, eyeing 7,000 total locations.
1. Q1 Financial Results
TJX posted Q1 fiscal 2027 EPS of $1.19, beating guidance by $0.20, on revenue of $14.3 billion, representing over 9% year-over-year sales growth.
2. Comparable Sales and Cost Dynamics
Comparable sales rose 6% driven by broad category strength, while the company is assuming current diesel prices will persist, embedding a $0.13 per share fuel cost headwind into full-year guidance.
3. Growth Drivers and Customer Trends
Value pricing, product enhancements and improved shopping experiences drove market share gains, with traction among younger customers supporting expectations for durable comp growth.
4. Expansion and Store Outlook
The company opened its first store in Spain and is reevaluating its 7,000-store potential, citing strong performance in new markets and available real estate opportunities.