Overview
- TJX reported a stronger-than-expected first quarter with net sales up 9% to $14.3 billion and diluted EPS rising 29% to $1.19, beating analyst estimates.
- Consolidated comparable-store sales increased 6%, driven by more customer transactions and larger baskets, and every major banner posted gains led by HomeGoods at 9%.
- Management said merchandise availability was unusually strong, reflecting the company’s opportunistic, year-round buying model that sources excess branded inventory at favorable costs.
- Favorable freight costs and fuel hedges helped lift gross margins and operating leverage in the quarter, but management and analysts warned that higher fuel costs expected later could reduce that benefit.
- TJX exited the period with $5.6 billion in cash, returned $1.1 billion to shareholders, and raised fiscal 2027 diluted EPS guidance to $5.08–$5.15 while increasing its buyback authorization.