TJX Reports Q4 Comps Up 5%; Sets FY27 Sales at $62.7–63.3B
Comparable sales rose 5% in Q4 on top of last year’s 5% gain, boosting net sales to $60.4 billion and adjusted EPS to $4.73 while shrink returned to pre-COVID levels. Fiscal 2027 guidance calls for comps up 2–3%, sales of $62.7–63.3 billion, EPS of $4.93–5.02, and $2.2 billion capex for 146 new stores.
1. Q4 Fiscal 2026 Results
TJX Companies delivered 5% comparable sales growth in Q4, driven by higher average baskets and transaction gains across divisions except HomeGoods, where transactions were flat due to late-quarter storms. Net sales reached $60.4 billion, adjusted shrink improvement boosted margins, and adjusted EPS rose to $4.73.
2. Fiscal 2026 Full-Year Highlights
For fiscal 2026, net sales exceeded $60.4 billion with comps up 5% and adjusted EPS of $4.73, up from $4.26 a year earlier. Adjusted gross margin climbed to 31.0% and pre-tax profit margin expanded to 11.7%, driven by shrink returning to pre-COVID levels and broad-based banner strength.
3. Fiscal 2027 Guidance
Management projects fiscal 2027 comparable sales growth of 2%–3%, net sales of $62.7–63.3 billion, and adjusted EPS of $4.93–5.02. It anticipates gross margin of 31.1%–31.2% and pre-tax profit margin of 11.7%–11.8%, while monitoring tariff environment and planning margin levers to offset pressures.
4. Capital Allocation and Returns
The company plans $2.2–2.3 billion in capital expenditures to open about 146 net new stores, plus roughly 540 remodels and 40 relocations. Shareholder returns include a 13% quarterly dividend increase to $0.48 per share and $2.5–2.75 billion in share repurchases.