The TJX Companies Raises Full-Year EPS Guidance After Q1 EPS of $1.19 and 9% Revenue Growth
TJX•The TJX Companies posted Q1 EPS of $1.19, beating the $1.01 estimate and rising 29% year-over-year, alongside $14.32 billion revenue, up 9% from last year. Comparable sales grew 6%, HomeGoods sales rose 9%, and the company raised full-year EPS guidance to $5.08–$5.15 while expanding its share buyback.
1. First-Quarter Earnings Beat Estimates
The TJX Companies delivered Q1 EPS of $1.19, surpassing the $1.01 consensus and marking a 29% increase from $0.92 a year ago. Revenue reached $14.32 billion, topping estimates by $0.30 billion and representing a 9% year-over-year gain, the fourth consecutive quarter of beats.
2. Comparable Sales and Division Performance
Comparable sales rose 6% for stores open at least a year, driven by stronger traffic and higher average transaction values. The HomeGoods segment led divisional growth with a 9% sales increase, while the company achieved a pretax profit margin of 12.0%.
3. Raised Full-Year Guidance and Buyback
Following the quarter, full-year EPS guidance was increased to a range of $5.08–$5.15, reflecting confidence in ongoing sales momentum. The share repurchase program was also expanded, underscoring management’s commitment to returning capital to shareholders.
