U.S. off-price apparel and home furnishings retailer TJX Companies (TJX) has reported financial results for the first quarter of fiscal 2027 ended May 2, 2026. The growth exceeded internal planning. The group reported an increase in net sales of nine percent to 14.32 billion US dollars (12.34 billion euros) in the first quarter of the 2027 financial year.
Consolidated like-for-like sales increased by six percent in the reporting period. The growth was driven by all divisions and higher customer frequency. On a currency-adjusted basis, net sales growth in the quarter was eight percent. Exchange rate effects had a positive effect of one percentage point.
Net profit reached $1.33 billion, compared to $1.04 billion in the same period last year. Diluted earnings per share increased 29 percent to $1.19, compared to $0.92 in the first quarter of fiscal 2026.
Divisional performance and sales figures
The Marmaxx division includes the TJ Maxx, Marshalls and Sierra chain stores and their e-commerce platforms in the USA. It posted net sales of $8.65 billion, a reported growth of seven percent. Marmaxx’s like-for-like sales rose six percent in the first quarter.
The US HomeGoods division operates HomeGoods and Homesense locations. It had net sales of $2.51 billion, up 11 percent on a reported basis. Like-for-like sales rose by nine percent.
International business also expanded in the quarter. TJX Canada includes Winners, HomeSense and Marshalls stores in Canada. The division reported net sales of $1.29 billion. This corresponds to an increase of twelve percent on a reported basis and nine percent on a currency-adjusted basis. Like-for-like sales rose by seven percent.
TJX International operates TK Maxx and Homesense stores as well as European e-commerce sites in Europe and Australia. The division reported net sales of $1.88 billion. This represents an increase of 13 percent on a reported basis and seven percent on a currency-adjusted basis. Like-for-like sales increased by four percent.
Capital allocation and updated financial outlook
TJX generated operating cash flow of $1.12 billion and ended the first quarter with cash and cash equivalents of $5.58 billion. The retailer returned $1.08 billion to its shareholders. This was done by repurchasing 3.80 million common shares for $604 million and paying $471 million in dividends.
The board had previously approved a new share repurchase program that authorizes additional repurchases of up to $3 billion. As of May 2, 2026, around $3.50 billion was still available under all active programs.
TJX raises forecast
Following the strong performance in the first quarter, Chief Executive Officer (CEO) and President Ernie Herrman stated that the spring/summer 2026 season got off to a positive start. This led to an increase in the annual forecasts. Herrman said: “The availability of high quality branded merchandise is excellent. We are well positioned to take advantage of the numerous shopping opportunities we are currently seeing in the market.”
For the second quarter of fiscal 2027, TJX plans consolidated like-for-like sales growth of two to three percent. The pre-tax margin is expected to be between 11.4 percent and 11.5 percent. Diluted earnings per share are expected to be in a range of $1.15 to $1.17.
For the entire 2027 financial year, the group raised its forecast for consolidated like-for-like sales growth to a range of three to four percent. The expected pre-tax margin for the full year was increased to 11.9 to 12.0 percent. Diluted earnings per share expectations were raised to $5.08 to $5.15.
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