TJX Companies Exceeds Q2 Earnings Plan Amid Strong Divisional Performance
The TJX Companies (NYSE:TJX) reported second-quarter fiscal 2027 results that exceeded internal expectations, with consolidated comparable sales rising by 4%. Adjusted earnings per share increased to $1.22 from a year ago, up 11%, and the company's adjusted pre-tax margin expanded to 11.9%. Strong performance came primarily from HomeGoods, TJX Canada, and TJX International, which each posted comparable sales growth of between 6%–7%. The Marmaxx division lagged with only a 1% increase in comparable sales due to internal merchandise mix issues. TJX raised its full-year outlook for adjusted pre-tax margin to 12.0%–12.1%, and adjusted EPS guidance was set at $5.15–$5.20 per share. The company also plans to accelerate annual store growth by 4% and expand long-term store potential to 7,500 locations. CFO John Klinger noted that the results were driven in part by operational efficiencies and higher merchandise margins, while SG&A expenses rose slightly due to increased labor costs.
Tickers: $TJX
Topics: adjusted_eps comparable_sales_growth margin_expansion retail