TLDR
- TJX Q1 sales hit $14.32B, up 9.2% year-over-year, beating estimates by $310M
- EPS came in at $1.19, up 29% year-over-year, beating Wall Street by $0.19
- HomeGoods comparable store sales more than doubled versus a year ago
- Full-year EPS guidance raised to $5.08–$5.15; dividend lifted 13% to $0.48/quarter
- Q2 guidance came in below estimates, with EPS of $1.15–$1.17 vs. $1.19 consensus
TJX Companies (TJX) jumped more than 4% in premarket trading Wednesday after posting a strong first quarter that topped expectations across the board.
The stock opened at $150.87 and was on track for a fifth straight day in the green heading into the session.
Q1 revenue came in at $14.32 billion, up 9.2% year-over-year and $310 million ahead of estimates. Adjusted EPS of $1.19 beat both Wall Street and company expectations by $0.19, a 29% jump from the same quarter last year.
CEO Ernie Herrman called it a standout quarter. “Sales, pretax profit margin, and earnings per share were all well above our plan,” he said.
HomeGoods was a clear bright spot. Comparable store sales there more than doubled compared to a year ago. Overall same-store sales rose 6%, up from 3% last year, topping the 3.95% estimate.
$TJX | TJX Companies Inc., Q1-2027 Earning Report pic.twitter.com/W5dnGb71yD
— Hardik Shah (@AIStockSavvy) May 20, 2026
Canadian locations also posted double-digit sales gains, adding to the broad-based strength across the business.
Full-Year Guidance Gets a Lift
Off the back of the Q1 beat, TJX raised its full-year EPS outlook to $5.08–$5.15, up from the prior range of $4.93–$5.02. The midpoint of $5.12 lines up with consensus estimates.
Full-year comparable store sales guidance was also nudged higher, now expected to rise 3%–4% versus the prior 2%–3% range. Pretax profit margin guidance moved up to 11.9%–12.0%.
TJX also increased its quarterly dividend by 13%, from $0.43 to $0.48, bringing the annualized payout to $1.92 per share — a yield of around 1.3%.
Q2 Outlook Falls Short
Not everything was a clean beat. Q2 guidance came in light.
TJX is guiding for Q2 comparable store sales growth of 2%–3%, below the 3.42% estimate. EPS guidance of $1.15–$1.17 also trails the $1.19 consensus. Pretax profit margin guidance of 11.4%–11.5% sits below the 11.6% estimate.
The softer near-term outlook didn’t appear to dampen investor enthusiasm much, with the stock still pushing higher ahead of the open.
Rival retailers also caught a lift. Ross Stores (ROST) and Burlington (BURL) both moved higher alongside TJX following the results.
Analyst sentiment heading into the print was already warm. JPMorgan raised its price target to $174 ahead of earnings, keeping an overweight rating. Truist initiated coverage with a buy rating and a $175 target. Barclays has an overweight rating and a $183 target.
Of the analysts tracked by MarketBeat, three rate TJX a strong buy and twenty-two rate it a buy. The average price target sits at $169.25.
Institutional investors hold 91.09% of the stock. Insider activity showed CEO Herrman sold 30,000 shares on March 2nd at an average price of $160.95.
🚨 Our MAY Stock Picks Are Live!
A new month means new opportunities. Our analysts have just released their top stock picks for May, highlighting companies with strong momentum that rank highly on our KO Score algorithm. We’re also now sharing trade ideas for both long-term and short-term investors, giving you more ways to spot potential opportunities in the market.
Sign up to Knockout Stocks today and get 50% off to unlock the full list and see which stocks made the cut.
Use coupon code Special50 for your exclusive discount!
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
