TJX Q2 adjusted EPS beats on strong HomeGoods segment sales
TJX•Result drivers
- Divisional sales mix - Strong comp sales growth at HomeGoods, TJX Canada, and TJX International divisions drove overall results, while Marmaxx division sales lagged, per CEO Ernie Herrman
- Merchandise margin - Gross profit margin rose due to higher merchandise margin, according to company statement
- Tariff refund benefit - Net benefit from IEEPA tariff refunds contributed to higher profit margins in the quarter
Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
- The average consensus recommendation for the discount stores peer group is "buy"
- Wall Street's median 12-month price target for The TJX Companies, Inc. is $181.00, about 20% above its August 18 closing price of $150.85
- The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 30 three months ago
Outlook raised for FY27 and Q3
- TJX raises FY27 pretax profit margin outlook to 12.3%-12.4%, adjusted to 12.0%-12.1%
- TJX raises FY27 diluted EPS outlook to $5.31-$5.36, adjusted to $5.15-$5.20
- Company plans Q3 comp sales up 2%-3%, Q3 EPS of $1.36-$1.38
Related News
YY Group issues 609,758 unregistered Class A shares valued at US$600,000 to advisors
YYGH•
Monopar Appoints Jeffrey D. Kent, M.D., As Executive Vice President, Head Of Medical Affairs Announces Two Alxn1840 Presentations At AASLD – The Liver Meeting 2026
MNPR•
