TJX blasts past Q1 projections, jumps 29% on strong off-price traffic

The TJX Companies (NYSE:TJX), the off-price apparel and home fashions retailer globally, reported financial results for the first quarter of fiscal 2027 ended May 2, 2026.

Capitalizing on steady consumer traffic and high merchandise availability, the company surpassed its internal projections across all primary financial benchmarks.

Total net sales for the first quarter rose 9% year-over-year to $14.3 billion, up from the $13.1 billion recorded in the first quarter of fiscal 2026.

Consolidated comparable store sales grew 6%, well ahead of management's initial planning targets.

Sales momentum was positive across all major operating divisions, led by a 9% comparable increase at HomeGoods, a 7% gain at TJX Canada, a 6% rise at Marmaxx (U.S.), and a 4% uptick across international segments.

Operating profitability also showed sharp improvement during the three-month period.

TJX recorded a first-quarter pretax profit margin of 12%, representing an increase of 1.7 percentage points compared to the 10.3% margin posted in the prior-year period.

Net income for the quarter reached $1.3 billion, driving diluted earnings per share up 29% to $1.19, compared to $0.92 a year ago.

The retailer sustained its proactive approach to capital returns during the quarter.

TJX deployed a total of $1.1 billion back to its equity holders, dividing the allocation between $604 million spent on open-market share repurchases and $471 million distributed via cash dividends.

The company concluded the quarterly period with cash reserves totaling $5.6 billion.

On the strength of the first-quarter performance, TJX raised its full-year outlook for the remainder of fiscal 2027.

The company now expects full-year consolidated comparable sales growth of 3% to 4%.