TJX Companies Q1 EPS Jumps 29% to $1.19 on $14.32B Revenue, Lifts FY27 EPS to $5.08–$5.15
First-quarter EPS rose 29% to $1.19 on $14.32B revenue, beating forecasts, with 6% comparable sales growth led by a 9% HomeGoods gain and pretax margin up 170bps. TJX lifted full-year EPS outlook to $5.08–$5.15, raised comp sales guide to 3–4%, and expanded share buybacks to $2.75–$3.0B.
1. First-Quarter Earnings Exceed Expectations
In Q1 FY2027, TJX posted diluted EPS of $1.19, a 29% increase from $0.92, on $14.32 billion revenue, up 9% year-over-year and surpassing the $14.0 billion forecast.
2. Strong Comparable Sales Across Divisions
Consolidated comparable store sales rose 6%, led by a 9% gain at HomeGoods, 7% at TJX Canada and 6% at Marmaxx (TJ Maxx and Marshalls).
3. Margin Expansion Driven by Cost Leverage
Pretax profit margin improved to 12.0% from 10.3%, and gross margin expanded to 31.3% from 29.5%, benefiting from stronger merchandise margins, inventory and fuel hedging gains, and higher sales volumes.
4. Raised Guidance and Enhanced Share Repurchases
TJX raised its full-year comp sales growth outlook to 3%–4% and EPS guidance to $5.08–$5.15, expects Q2 comps of 2%–3% and pretax margins of 11.4%–11.5%, and expanded its buyback authorization to $2.75–$3.0 billion.