The TJX Companies, Inc. reported a 7% increase in net sales for fiscal 2026, reaching $60.4 billion compared to $56.4 billion in fiscal 2025. The company's diluted earnings per share rose to $4.87, up from $4.26 in the previous year. The pre-tax profit margin improved to 12.1%, a 0.6 percentage point increase from 11.5% in fiscal 2025. The cost of sales ratio decreased to 69.0%, down from 69.4%, while the selling, general, and administrative (SG&A) expense ratio also saw a decline to 19.1% from 19.4%. The increase in sales was attributed to a 5% rise in comparable store sales, driven by higher average transaction values and increased customer visits.
In terms of operational developments, TJX expanded its store count by approximately 3%, ending fiscal 2026 with over 5,200 stores globally. The Marmaxx segment, which includes TJ Maxx and Marshalls, reported net sales of $36.6 billion, a 6% increase from the previous year, while the HomeGoods segment saw an 8% rise in sales to $10.2 billion. The company also noted a significant increase in customer transactions and average basket sizes across its segments. The TJX Canada and TJX International segments also experienced growth, with net sales increasing by 8% and 11%, respectively.
Strategically, TJX has continued to leverage its opportunistic buying strategy, which allows the company to acquire merchandise at significant discounts. This approach has been crucial in maintaining its competitive pricing, with retail prices generally 20% to 60% below those of full-price retailers. The company also reported a gain of $419 million from a litigation settlement related to credit card interchange fees, which positively impacted its segment profits. Additionally, TJX announced a new stock repurchase program in February 2026, authorizing the repurchase of up to $3 billion of its common stock.
Looking ahead, TJX plans to continue its expansion strategy, with expectations to open 45 new Marmaxx stores and 24 new Sierra stores in fiscal 2027. The company also aims to enhance its e-commerce capabilities, which currently account for approximately 2% of total sales. Despite the positive outlook, TJX remains vigilant regarding external factors such as inflation, global supply chain disruptions, and changing trade policies that could impact its operations and financial performance. The company is committed to monitoring these risks closely as it navigates the evolving retail landscape.
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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