The TJX Companies, Inc. reported a significant increase in financial performance for the first quarter of fiscal 2027, ending May 2, 2026. The company achieved net sales of $14.3 billion, a 9% rise from $13.1 billion in the same period last year. This growth was driven by a 6% increase in comparable store sales and a 2% increase from non-comparable sales, alongside a positive impact from foreign currency fluctuations. Net income also rose to $1.3 billion, or $1.19 per diluted share, compared to $1 billion, or $0.92 per diluted share, in the prior year.
In terms of operational efficiency, TJX improved its pre-tax profit margin to 12.0%, up from 10.3% in the previous year. The cost of sales, including buying and occupancy costs, decreased to 68.7% of net sales, down from 70.5%, indicating better merchandise margins and expense leverage on higher sales. Selling, general and administrative expenses slightly increased to 19.5% of net sales from 19.4%, reflecting ongoing investments in operational capabilities.
The company also noted strategic developments, including a 3% increase in both the number of stores and selling square footage compared to the previous year. As of May 2, 2026, TJX operated over 5,200 stores across its four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment, which includes TJ Maxx and Marshalls, generated $8.7 billion in sales, while HomeGoods reported $2.5 billion, reflecting increases of 7% and 11%, respectively.
In terms of shareholder returns, TJX returned $1.1 billion to shareholders through share repurchases and dividends during the quarter. The company repurchased 3.8 million shares for $604 million and declared dividends of $0.48 per share, totaling $474 million. Looking ahead, TJX anticipates continued growth, with plans for capital expenditures of approximately $2.2 billion to $2.3 billion for the fiscal year, primarily focused on store improvements and technology investments. The company remains vigilant regarding global economic conditions and potential impacts from tariffs, particularly as it navigates the complexities of international trade.
About TJX COMPANIES INC /DE/
The TJX Companies, Inc. is a leading off-price retailer specializing in apparel and home fashions. Operating over 5,000 stores and multiple e-commerce sites worldwide, it offers brand-name, designer, and quality merchandise at 20-60% below full-price retailers. Its flexible buying, inventory management, and store formats create a treasure hunt shopping experience, targeting diverse consumers across income levels in competitive global markets.
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