TJX (TJX - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this parent of T.J. Maxx, Marshalls and other stores have returned +10.6%, compared to the Zacks S&P 500 composite's no change. During this period, the Zacks Retail - Discount Stores industry, which TJX falls in, has gained 8.4%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
TJX is expected to post earnings of $1.33 per share for the current quarter, representing a year-over-year change of +3.9%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
For the current fiscal year, the consensus earnings estimate of $5.22 points to a change of +10.4% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $5.74 indicates a change of +10% from what TJX is expected to report a year ago. Over the past month, the estimate has remained unchanged.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for TJX.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For TJX, the consensus sales estimate for the current quarter of $15.81 billion indicates a year-over-year change of +4.6%. For the current and next fiscal years, $63.91 billion and $67.82 billion estimates indicate +5.9% and +6.1% changes, respectively.
Last Reported Results and Surprise HistoryTJX reported revenues of $15.18 billion in the last reported quarter, representing a year-over-year change of +5.4%. EPS of $1.22 for the same period compares with $1.1 a year ago.
Compared to the Zacks Consensus Estimate of $15.14 billion, the reported revenues represent a surprise of +0.29%. The EPS surprise was +3.39%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
TJX is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about TJX. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.
TJX plánuje od fiskálního roku 2028 zrychlit růst počtu obchodů na 4 % ročně a dlouhodobý globální cíl zvýšil na 7 500 obchodů. Ve 2. čtvrtletí fiskálního roku 2027 měla 5 285 obchodů.
Key Takeaways TJX plans to accelerate annual store growth to 4% beginning in fiscal 2028.TJX raised its long-term global store target by 500 locations to 7,500 stores.TJX sees expansion potential in rural, urban and proven markets using varied store formats. The TJX Companies, Inc. (TJX - Free Report) is setting up for a faster pace of physical expansion after a long stretch of strong new-store performance. In the second-quarter fiscal 2027 earnings update, management cited consistently better-than-expected performance from new store openings, supporting TJX’s decision to accelerate annual store-opening growth to 4% beginning in fiscal 2028 from the roughly 3% pace discussed earlier. TJX also raised the long-term global store target by 500 locations to 7,500 stores across its existing retail banners and current countries.
The expansion opportunity is concentrated in several areas. TJ Maxx and Marshalls together now have long-term potential for 3,300 stores, reflecting an additional 300 locations, while the HomeGoods division target increased by 200 stores to 2,000. TJX also sees room to add stores in rural markets where department stores are closing, place locations closer together in markets that have supported strong comparable sales and use smaller formats to enter densely populated urban areas.
The current footprint provides a sizable base for that rollout. TJX ended the second quarter of fiscal 2027 with 5,285 stores after adding 23 locations during the quarter. The company also opened its second TK Maxx store in Spain, where customer response was described as extremely positive.
The planned acceleration reflects a broader set of store opportunities and continued strength from newer locations, with TJX focused on expanding the existing retail banners across its current countries.
How TJX Stacks Up Against ROST and BURL on Store GrowthRoss Stores (ROST - Free Report) is also stepping up physical expansion, raising its 2026 new-store opening plan to 115 locations from 110. This includes about 90 Ross Dress for Less and 25 dd’s DISCOUNTS stores. Ross Stores opened 47 stores in the second quarter of fiscal 2026. While recent openings in existing and newer markets have been running ahead of plan, Ross Stores also targets roughly 5% annual unit growth.
Burlington Stores, Inc. (BURL - Free Report) is also pursuing aggressive store expansion, ending the second quarter of fiscal 2026 with 1,287 locations. While 149 net new stores opened over the past 12 months, representing 13% store-count growth, Burlington Stores expects about 115 net new stores in fiscal 2026. Burlington Stores remains confident in opening at least 110 net new stores annually and reaching, or likely exceeding, 1,500 stores by end-2028.
TJX’s Price Performance, Valuation and EstimatesShares of TJX Companies have fallen 2.9% in the past month compared with the industry’s decline of 2%.
Image Source: Zacks Investment Research
From a valuation standpoint, TJX trades at a forward price-to-earnings ratio of 23.39X, down from the industry’s average of 27.39X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for TJX Companies’ fiscal 2027 and 2028 earnings per share has inched up 2 cents each to $5.22 and $5.74, respectively, in the past 30 days.
Image Source: Zacks Investment Research
TJX currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the latest trading session, TJX (TJX - Free Report) closed at $130.08, marking a -1.18% move from the previous day. This move lagged the S&P 500's daily gain of 0.51%. Elsewhere, the Dow gained 0.93%, while the tech-heavy Nasdaq added 0.48%.
The stock of parent of T.J. Maxx, Marshalls and other stores has fallen by 1.93% in the past month, leading the Retail-Wholesale sector's loss of 6.89% and undershooting the S&P 500's gain of 0.74%.
The investment community will be closely monitoring the performance of TJX in its forthcoming earnings report. On that day, TJX is projected to report earnings of $1.33 per share, which would represent year-over-year growth of 3.91%. Alongside, our most recent consensus estimate is anticipating revenue of $15.81 billion, indicating a 4.61% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.22 per share and revenue of $63.91 billion, which would represent changes of +10.36% and +5.86%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for TJX. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.41% upward. At present, TJX boasts a Zacks Rank of #2 (Buy).
Investors should also note TJX's current valuation metrics, including its Forward P/E ratio of 25.22. For comparison, its industry has an average Forward P/E of 21.39, which means TJX is trading at a premium to the group.
Also, we should mention that TJX has a PEG ratio of 2.37. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Retail - Discount Stores was holding an average PEG ratio of 1.84 at yesterday's closing price.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 25, placing it within the top 11% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
TJX za poslední měsíc klesl o 10,1 %, i když ve 2. čtvrtletí fiskálního roku 2027 překonal odhady: EPS činil 1,22 USD a tržby vzrostly o 5 % na 15,18 mld. USD.
It has been about a month since the last earnings report for TJX (TJX - Free Report) . Shares have lost about 10.1% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is TJX due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for The TJX Companies, Inc. before we dive into how investors and analysts have reacted as of late.
TJX Q2 Earnings Beat Estimates on Sales Growth and Margin GainsThe TJX Companies delivered broad-based growth in the second quarter of fiscal 2027, supported by strong comparable sales outside Marmaxx and improved adjusted profitability.
Adjusted earnings of $1.22 per share rose 11% year over year and beat the Zacks Consensus Estimate of $1.18. Net sales increased 5% to $15,180 million, topping the consensus mark of $15,136 million. Consolidated comparable sales advanced 4%.
Management said the availability of branded, quality merchandise remained outstanding, giving TJX the flexibility to flow fresh assortments into stores and online. The retailer also has several initiatives in place to drive traffic and sales through the fall and holiday shopping periods.
The third quarter started strongly, with improvement at Marmaxx early in the period. This is notable because Marmaxx sales were below the company's expectations in the second quarter, while HomeGoods, TJX Canada and TJX International delivered stronger comparable sales results.
Marmaxx generated second-quarter net sales of $9,109 million, up 3% year over year. HomeGoods sales increased 10% to $2,507 million. TJX Canada posted sales of $1,470 million, up 6%, while TJX International sales rose 11% to $2,094 million. On a constant-currency basis, sales increased 8% in Canada and 10% internationally.
Comparable sales jumped 1% at Marmaxx, 7% at HomeGoods, 6% in TJX Canada and 7% at TJX International. Adjusted segment profit margins were 14.2% for Marmaxx, 12.4% for HomeGoods, 16.3% for TJX Canada and 7.3% for TJX International.
Adjusted pretax profit margin expanded 0.5 percentage points year over year to 11.9%. Adjusted gross profit margin increased 0.7 percentage points to 31.4%, driven by a rise in merchandise margin.
Adjusted selling, general and administrative costs represented 19.7% of sales, up 0.2 percentage points from a year earlier, primarily due to incremental store wage and payroll costs. Net interest income had a neutral year-over-year impact on pretax margin. The adjusted measures exclude the effects of IEEPA tariff refunds and related incremental compensation expense accruals. The adjustment removed a $219 million net pretax benefit from tariff refunds after the related compensation accruals.
The TJX Companies' Inventory and Cash Position Stay SolidTotal inventories were $7,862 million at quarter-end compared with $7,372 million a year earlier. Consolidated inventory per store increased 2% on a reported basis and 3% on a constant-currency basis, including distribution centers but excluding inventory in transit and e-commerce sites.
TJX generated $2,200 million of operating cash flow during the quarter and ended the period with $6,004 million in cash. Long-term debt was $1,871 million, and shareholders' equity totaled $10,651 million. The company spent $798 million on share repurchases and paid $529 million in dividends. It continues to expect fiscal 2027 repurchases of roughly $2,750 million to $3,000 million. Approximately $2,700 million remained available under the current repurchase program at quarter-end.
TJX's Adjusted Outlook Moves HigherFor the third quarter of fiscal 2027, management expects comparable sales growth of 2% to 3%. Adjusted pretax profit margin is projected between 12.3% and 12.4%, while adjusted earnings are forecasted at $1.30 to $1.32 per share.
For fiscal 2027, TJX continues to expect comparable sales growth of 3% to 4%. The company increased its adjusted pretax profit margin outlook to 12% to 12.1% and raised adjusted earnings guidance to $5.15 to $5.20 per share.
The TJX Companies' Store Expansion Plan AcceleratesTJX added 23 stores during the second quarter, ending the period with 5,285 locations. Total square footage increased 0.4% from the prior quarter to 137.9 million square feet, reflecting continued expansion across the company's existing retail banners.
Beginning in fiscal 2028, the retailer plans to accelerate store opening growth to 4%. TJX also increased its long-term global store target by 500 locations to 7,500 stores across its existing banners in current countries.
How Have Estimates Been Moving Since Then?It turns out, estimates review have trended downward during the past month.
VGM ScoresCurrently, TJX has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. Charting a somewhat similar path, the stock has a score of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, TJX has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
TJX zvýšil výhled upraveného EPS pro fiskální rok 2027 na 5,15 až 5,20 USD a očekává tržby 63,4 až 63,8 miliardy USD, tedy růst o 5 % až 6 %. Zároveň zvedl dlouhodobý cíl počtu obchodů o 500 na 7 500.
Key Takeaways TJX raised fiscal 2027 EPS guidance and targets 5%-6% sales growth, with comps up 3%-4%.TJX lifted its long-term store target to 7,500 and plans 4% annual store growth from fiscal 2028.TJX trades above key sales-valuation benchmarks as Marmaxx and cost pressures remain execution risks. The TJX Companies, Inc. (TJX - Free Report) combines rising sales, higher earnings guidance and a larger store-expansion runway with a valuation that remains above key benchmarks. That mix keeps the investment case tied closely to execution.
Second-quarter results showed broad strength outside Marmaxx, while cash generation remained substantial. The question is whether those advantages can support the stock's premium as merchandising and cost pressures continue.
TJX's Growth Case Extends Beyond Fiscal 2027Management expects fiscal 2027 comparable sales to rise 3% to 4% and consolidated sales of $63.4 billion to $63.8 billion, up 5% to 6%. TJX also raised adjusted earnings guidance to $5.15 to $5.20 per share from $5.08 to $5.15.
The longer runway comes from stores. TJX lifted its long-term global store target by 500 locations to 7,500 and plans to accelerate annual store growth to 4% beginning in fiscal 2028.
Off-price peers show that the category remains active. Ross Stores, Inc. (ROST - Free Report) reported a 10% comparable-store sales gain and 13% total sales growth in its fiscal second quarter. Burlington Stores, Inc. (BURL - Free Report) posted 2% comparable-store sales growth and an 11% increase in total sales for its fiscal second quarter.
TJX's Premium Valuation Raises the HurdleTJX's forward 12-month price-to-sales ratio is 2.06, above the Zacks sub-industry's 1.58 and the stock's five-year median of 1.95. The premium means investors are paying more than the company's recent historical midpoint and its industry comparison on this measure.
The stock's first-year forward P/E is 33.41. With that valuation, continued earnings delivery, Marmaxx improvement and progress toward the larger store target become more important to sustaining the investment case.
TJX Has Cash to Fund Growth and Shareholder ReturnsOperating cash flow reached $3.3 billion in the first half of fiscal 2027, up from $2.2 billion a year earlier. TJX ended the second quarter with about $6 billion in cash and expects fiscal 2027 capital spending of about $2.2 billion to $2.3 billion.
The company also returned $2.4 billion to shareholders in the first half, including $1.4 billion of share repurchases and $1 billion of dividends. Management continues to expect fiscal 2027 repurchases of about $2.75 billion to $3 billion.
Image Source: Zacks Investment Research
TJX Still Faces Execution and Cost RisksMarmaxx comparable sales increased just 1% in the second quarter. Management described the merchandise-mix issues as self-inflicted and within its control, while reporting improvement at the start of the third quarter.
Costs remain another constraint. Adjusted selling, general and administrative costs were 19.7% of sales, 20 basis points unfavorable year over year because of higher store wage and payroll costs. Third-quarter adjusted gross margin is projected at 32.1% to 32.2%, down 40-50 basis points, primarily because of higher fuel costs.
TJX's Signals Favor Growth More Than ValueTJX offers a constructive growth and cash-flow profile, but the premium valuation leaves less room for execution misses. The near-term case therefore rests on whether earnings delivery, Marmaxx improvement and store expansion continue to offset cost pressure.
TJX currently carries a Zacks Rank #2 (Buy). The rank reflects a favorable short-term earnings-estimate-revision signal over a one- to three-month horizon, while the Growth Score of B, Momentum Score of B and VGM Score of B add support for investors emphasizing those styles. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Value Score of D points to a less attractive valuation profile. That contrast fits the broader setup: TJX has favorable growth and momentum signals, but valuation remains the main counterweight to the investment case.
TJX za poslední měsíc klesl o 17,4 %, i když překonal odhady zisku na akcii a zvýšil celoroční výhled upraveného zisku pro fiskální rok 2027. Slabší růst Marmaxx a vyšší mzdové, palivové i kurzové náklady ale dál zatěžují výhled.
Key Takeaways TJX fell 17.4% in a month despite an earnings beat and a raised fiscal 2027 adjusted earnings outlook.Marmaxx comparable sales rose just 1%, but trends improved early in the third quarter.TJX faces higher wage and fuel costs while its forward price-to-sales ratio remains above key benchmarks. The TJX Companies, Inc. (TJX - Free Report) shares have fallen 17.4% in the past month even after second-quarter fiscal 2027 adjusted earnings of $1.22 per share beat the Zacks Consensus Estimate of $1.18 and management raised its full-year adjusted earnings outlook.
The decline leaves investors weighing improving profit expectations against execution, cost and valuation risks.
TJX's Marmaxx Weakness Complicates the SelloffMarmaxx comparable sales rose just 1% in the second quarter, below management's expectations. The increase came from a higher average basket, partly offset by a small decline in customer transactions.
Management said the issue was self-inflicted and tied to merchandise mix, with the right goods not always reaching the right stores at the right time. Marmaxx trends improved early in the third quarter, and management expects greater improvement by the holiday season.
TJX Still Has Growth Across Most DivisionsConsolidated comparable sales increased 4% in the second quarter, while net sales rose 5% to $15.18 billion. HomeGoods comparable sales advanced 7%, TJX Canada gained 6% and TJX International increased 7%, helping offset softer Marmaxx growth.
Peer results provide additional context for the off-price category. Ross Stores, Inc. (ROST - Free Report) , another off-price apparel and home retailer, reported a 10% comparable-store sales increase in its latest quarter. Burlington Stores, Inc. (BURL - Free Report) , also an off-price retailer, posted 2% comparable-store sales growth and an 11% rise in total sales.
TJX Faces Wage, Fuel and Currency PressureAdjusted selling, general and administrative costs reached 19.7% of sales in the second quarter, 20 basis points unfavorable from a year earlier, mainly because of higher store wage and payroll costs. These expenses can limit operating leverage even when sales remain healthy.
Third-quarter adjusted gross margin is projected at 32.1% to 32.2%, down 40-50 basis points year over year, primarily because of higher fuel costs. Currency movements also reduced second-quarter reported net sales growth by 1 percentage point.
Image Source: Zacks Investment Research
TJX's Valuation Leaves Less Room for ErrorTJX's forward 12-month price-to-sales ratio is 2.06, above the Zacks sub-industry's 1.58 and its own five-year median of 1.95. The stock has declined sharply, but its valuation still carries a premium on this measure.
That premium places more weight on execution. Investors will be watching whether Marmaxx improves as expected and whether TJX can deliver its raised fiscal 2027 adjusted earnings outlook of $5.15 to $5.20 per share while managing wage and fuel pressure.
TJX's Short-Term Signal Stays ConstructiveThe 17.4% monthly decline has reset the share price, but it has not removed the operating and valuation questions. Raised profit guidance and early Marmaxx improvement support the near-term case, while cost pressure and a premium sales multiple remain important offsets.
TJX currently carries a Zacks Rank #2 (Buy). The Zacks Rank is a short-term rating driven by earnings estimate revisions and is designed for a one- to three-month horizon. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The stock also has a Growth Score of B, Momentum Score of B and VGM Score of B, indicating favorable growth and momentum characteristics when paired with a top Zacks Rank. The Value Score of D is the counterweight, signaling weaker valuation characteristics despite the constructive short-term setup.
FRAMINGHAM, Mass.--(BUSINESS WIRE)--The TJX Companies, Inc. (NYSE: TJX) today announced the declaration of a quarterly dividend on its common stock of $.48 per share payable December 3, 2026, to shareholders of record on November 12, 2026.
About The TJX Companies, Inc.
The TJX Companies, Inc., a Fortune 100 company, is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. Our mission is to deliver great value to customers every day. We do this by offering a rapidly changing assortment of quality, fashionable, brand name, and designer merchandise at prices generally 20% to 60% below full-price retailers’ regular prices on comparable merchandise. We operate over 5,200 stores across ten countries, including TJ Maxx, Marshalls, HomeGoods, Homesense, and Sierra in the U.S.; Winners, HomeSense, and Marshalls in Canada; TK Maxx and Homesense in Europe; and TK Maxx in Australia. We also operate e-commerce sites for TJ Maxx, Marshalls, and Sierra in the U.S. and three sites for TK Maxx in Europe. Our value mission extends to our corporate responsibility efforts, which are focused on supporting our Associates, giving back in the communities we serve, the environment, and operating responsibly. Additional information about TJX’s press releases, financial information, and corporate responsibility are available at TJX.com.
Important Information at Website
The Company routinely posts information that may be important to investors in the Investors section at TJX.com. The Company encourages investors to consult that section of its website regularly.
TJX International ve 2. čtvrtletí zvýšila upravenou segmentovou marži na 7,3 % a tržby vzrostly o 11 % na 2,09 mld. USD. Srovnatelné tržby stouply o 7 %.
Key Takeaways TJX International's adjusted segment profit margin rose 210 basis points year over year to 7.3%.TJX International sales climbed 11% to $2.09 billion, while comparable sales advanced 7%.TJX International's margin gains came alongside higher sales and customer transactions. The TJX Companies, Inc.’s (TJX - Free Report) International division delivered a sizable profitability improvement in the second quarter of fiscal 2027. Adjusted segment profit margin on a constant-currency basis reached 7.3%, up 210 basis points year over year. Reported segment profit margin was 6.4%. Excluding a 0.9-percentage-point impact from tariff-refund-related incremental compensation expense accruals, adjusted segment profit margin was 7.3%. Foreign currency had no impact on the adjusted margin in the quarter.
The stronger margin performance came alongside healthy sales growth. TJX International (Europe and Australia) generated second-quarter net sales of $2.09 billion, up 11% from $1.89 billion a year earlier. Sales increased 10% on a constant-currency basis, while comparable sales advanced 7%, compared with 5% growth in the prior-year quarter. The comparable-sales increase was primarily driven by higher customer transactions, with strong, consistent sales in Europe and excellent sales in Australia.
Expansion activity also continued during the quarter, with TJX opening its second TK Maxx store in Spain. Customer response to the new location was described as extremely positive, reflecting continued activity within the division’s European footprint.
Overall, the quarter reflected improved profitability alongside solid sales growth at TJX International. The margin improvement was primarily driven by favorable merchandise margin and expense leverage on higher comparable sales, partly offset by incremental compensation expense accruals related to tariff refunds.
How TJX Compares With ROST and BURLRoss Stores (ROST - Free Report) also posted meaningful margin improvement in the second quarter of fiscal 2026. The company’s operating margin increased 610 basis points, including a 405-basis-point benefit from IEEPA tariff refunds. Excluding that benefit, Ross Stores’ operating margin rose 205 basis points year over year, supported by stronger merchandise margin and lower distribution costs. Ross Stores also benefited from 10% comparable-store sales growth.
Burlington Stores, Inc. (BURL - Free Report) also delivered notable margin expansion in the second quarter of fiscal 2026. The company’s adjusted EBIT margin rose 100 basis points year over year to 7%. The improvement came alongside an 11% increase in total sales and 2% comparable-store sales growth. Burlington Stores expects fiscal 2026 adjusted EBIT margin to increase 20-40 basis points.
TJX’s Price Performance, Valuation and EstimatesShares of TJX Companies have fallen 16.5% in the past month compared with the industry’s decline of 6.9%.
Image Source: Zacks Investment Research
From a valuation standpoint, TJX trades at a forward price-to-earnings ratio of 22.73X, down from the industry’s average of 27.02X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for TJX Companies’ fiscal 2027 and 2028 earnings per share has inched up 5 cents to $5.22 and $5.74, respectively, in the past 30 days.
Image Source: Zacks Investment Research
TJX currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Macy’s i přes překonání odhadů zisku a tržeb a zvýšení celoročního výhledu v ranním obchodování klesá o 5 %. Trh řeší, že část navýšení EPS na 2,15 až 2,35 USD plyne z 116 milionů USD na vratkách cel, což odpovídá 5 centům na akcii.
Macy's beat earnings estimates and raised its full-year outlook before the bell, yet shares fell sharply while retail peers barely flinched. The reason comes down to where the money actually came from.
Shares of Macy’s, Inc. (NYSE:M | M Price Prediction) are down 5% to $20.45 in early Thursday trading. The slide arrives despite a fiscal second-quarter beat and a raised full-year outlook that the company delivered before the open.
The reaction looks company-specific, since retail peers are barely moving on the same session. That locates the response inside Macy’s own numbers and the composition of its raised guidance rather than in any broader repricing of department stores or off-price retail.
Macy’s came into today’s report carrying momentum. Macy’s stock was up 23% over the trailing year through Wednesday’s close, though it entered the session already down 18% over the past month.
Raised Outlook Carries a Tariff Asterisk Macy’s said overall comparable sales rose 2.7% across its three nameplates in the quarter, extending a five-quarter stretch of positive comps. Adjusted EPS came in at $0.63 against a $0.36 consensus, and revenue of $5.06 billion beat the $4.80 billion Street mark. Gross margin expanded 180 basis points to 41.5%, aided by tariff repayments landing in cost of goods sold.
The higher-end brands carried the mix. Bloomingdale’s posted comparable sales up 11.3%, its second straight quarter of double-digit growth, and Bluemercury comps rose 6.2%. The Reimagine 200 cohort, the operational proof of the three-year turnaround, ran comps of 1.9%.
The composition of the raise is where pushback shows up. Macy’s disclosed that it has received $116 million in tariff refunds, and the raised full-year earnings per share range of $2.15 to $2.35 includes a 5-cent per-share benefit from those repayments flowing to the bottom line. Most refund proceeds are being reinvested into stores and the Bold New Chapter turnaround plan rather than dropped through to profit.
The read from the early move is that part of the higher earnings bar is funded by policy repayments and only partly by operations. That’s the distinction being priced this morning, and it’s why a headline beat and a genuine raise are still producing a lower open.
Retail Peers Hold Steady Kohl’s Corporation (NYSE:KSS) stock is down just 0.9% to $17.36, a muted reaction from a name that leaned on its own $150 million tariff refund in its August report. If the market were repricing tariff-aided retail beats as a category, Kohl’s would be the obvious next stop.
Meanwhile, TJX (NYSE:TJX) stock is unchanged at $126.12, holding steady after its own August raise that carried a $331 million tariff refund benefit and posted consolidated comps of 4%. The off-price benchmark holds flat on Macy’s headline.
The sector check confirms it. The SPDR S&P Retail ETF (NYSEARCA:XRT) is down 0.3% on the session. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down 0.54%, putting Macy’s move at a wide gap to both the retail basket and the broad market.
The read across the group is consistent. Kohl’s beat by a wider margin than Macy’s when it reported last month, with adjusted EPS of $1.28 against a $0.57 consensus, and TJX raised its own full-year adjusted EPS range to $5.15 to $5.20 in August. Neither name is rerating on Macy’s news today.
What to Watch Investors can watch for signs that Bloomingdale’s double-digit momentum and the reinvested refund dollars carry into cleaner second-half comps.
The broader retail read matters, as well. If Bloomingdale’s momentum and the reinvested tariff dollars translate into share gains during the holiday selling window, today’s dip could look premature. A fade in refund flow-through paired with softer operational comps would confirm the early skepticism showing up in Macy’s shares this morning.
Shareholders may want to size their Macy’s stock exposure to the story rather than to the headline, since the early reaction reads as a mark on guidance quality rather than a rejection of the turnaround. Approximately $1 billion remains under Macy’s buyback authorization, and management’s tone on reinvestment pacing versus repurchase could shape the next share-price move.
Contact [email protected] for any questions or corrections.
TJX zvýšila dlouhodobý globální cíl na 7 500 obchodů, což jí ponechává prostor pro více než 2 200 dalších lokalit. Od fiskálního roku 2028 chce zrychlit tempo otevírání obchodů na 4 % ročně.
Key Takeaways TJX raises its global store target by 500 to 7,500, leaving room for more than 2,200 new locations.TJX plans to accelerate annual store-opening growth to 4% starting in fiscal 2028, up from 3%.TJX sees rural, urban and denser-market opportunities supporting broad-based expansion across its brands. The TJX Companies, Inc. (TJX - Free Report) has lifted its long-term global store target by 500 locations to 7,500 stores across its existing retail banners and current 10 countries in the latest earnings update. The company ended the second quarter of fiscal 2027 with 5,285 stores, leaving room for more than 2,200 additional locations under the revised target.
The expansion is centered partly on the U.S. business. TJX now sees TJ Maxx and Marshalls reaching a combined 3,300 stores, an increase of 300 from its prior long-term potential. The HomeGoods division’s long-term target has also been increased by 200 stores to 2,000.
The company plans to accelerate annual store opening growth to 4% beginning in fiscal 2028, up from the previously discussed 3% pace. Several factors support the higher target. Marmaxx has opportunities in rural markets where department stores are closing, while sustained comparable-store growth has created scope to place stores closer together than previously expected. Smaller-format stores also allow expansion in densely populated urban areas.
New stores have been exceeding expectations for an extended period. The additional store growth is expected to be broad-based across the company’s brands rather than concentrated in only one or two divisions. TJX Companies also expects sufficient availability of quality merchandise to support the expansion plans as it moves toward the higher store target and faster opening pace.
How TJX Stacks Up Against ROST and BURL on Store GrowthRoss Stores (ROST - Free Report) is also stepping up physical expansion, raising its 2026 new-store opening plan to 115 locations from 110. This includes about 90 Ross Dress for Less and 25 dd’s DISCOUNTS stores. Ross Stores opened 47 stores in the second quarter of fiscal 2026. Ross Stores also targets roughly 5% annual unit growth, while recent openings in existing and newer markets have been running ahead of plan.
Burlington Stores, Inc. (BURL - Free Report) is also pursuing aggressive store expansion, ending the second quarter of fiscal 2026 with 1,287 locations. Burlington Stores expects about 115 net new stores in fiscal 2026, while 149 net new stores opened over the past 12 months, representing 13% store-count growth. Burlington Stores remains confident in opening at least 110 net new stores annually and reaching, or likely exceeding, 1,500 stores by end-2028.
TJX’s Price Performance, Valuation and EstimatesShares of TJX Companies have fallen 16.8% in the past month compared with the industry’s decline of 6.2%.
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From a valuation standpoint, TJX trades at a forward price-to-earnings ratio of 23.88X, down from the industry’s average of 27.82X.
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The Zacks Consensus Estimate for TJX Companies’ fiscal 2027 and 2028 earnings per share has inched up 1 cent to $5.22 and $5.74, respectively, in the past seven days.
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TJX currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
TJX po výsledcích za 2. čtvrtletí a snížení doporučení od dvou analytiků klesla za minulý měsíc téměř o 15 %. Firma sice zvýšila celoroční výhled zisku, ale stále je pod odhadem trhu.
TJX Companies (TJX +0.67%) had a rough time in late summer, at least as far as its stock was concerned. The company, best known for operating the TJ Maxx and Marshalls chains of discount department stores, released its latest quarterly earnings report, and investors found it dispiriting.
So too did several analysts, with two going so far as to downgrade their recommendations on the retailer. This combination of factors drove TJX's stock down by almost 15% last month.
Image source: Getty Images.
Not good enough for Mr. Market TJX reported its fiscal 2027 second-quarter figures on Aug. 19, revealing that total net sales were just under $15.2 billion, up 5% year over year. That was on the back of comparable sales growth of 4% across all of the company's divisions (which comprises the Marmaxx unit of TJMaxx and Marshalls, plus the HomeGoods brand and operations in Canada and overseas).
In terms of profitability, TJX also posted improvements. Net income under generally accepted accounting principles (GAAP) climbed by a robust 22% to $1.52 billion. On a non-GAAP (adjusted), per-share basis, that line item rose by 11% to $1.22.
Neither metric was far from its corresponding consensus analyst estimate. Revenue was basically in line with the average prognosticator projection, while the company's adjusted net profit was slightly above the collective expectation of $1.19.
Those trailing numbers didn't keep investors up at night, but stocks trade on future potential, not past results -- and that was the issue with this earnings report.
This, even though TJX actually raised its bottom-line guidance for the entirety of 2027 -- and for the second time in a row. Adjusted net income for the year is now expected to be $5.15 to $5.20 per share, up from the previous forecast of $5.08 to $5.15. It left its "comps" guidance intact at 3% to 4%. It added that it aims to increase its store count by 4% in fiscal 2028.
Yet the increased profitability range still sits under the average analyst estimate of $5.22 per share for the year. Investors can be rather unforgiving of companies that fall even an inch short of forward projections.
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A pair of downgrades So can analysts. Several professional TJX trackers lowered their price targets on the stock in the wake of the earnings release.
Two of them took the additional step of downgrading their TJX recommendations. Jefferies' Corey Tarlowe reduced his to hold from buy, while Gordon Haskett's Chuck Grom changed his from buy to accumulate (a midpoint between buy and hold). This had the expected negative effect of dampening sentiment on the retailer's stock.
TJX had done well in previous quarters, so this latest one looked weak in comparison. Unfortunately, the preceding frames have helped crank up its stock price, so now it appears a bit expensive on valuation grounds. I'm not down on the company, which isn't doing badly at all, but I'd be hesitant to buy the stock at its current level.
HomeGoods ve 2. fiskálním čtvrtletí zvýšil srovnatelné tržby o 7 % a čisté tržby o 10 % na 2,51 miliardy USD. Za pololetí srovnatelné tržby vzrostly o 8 % a čisté tržby o 10 % na 5,013 miliardy USD.
Key Takeaways HomeGoods comp sales rose 7% in fiscal Q2 2027, while net sales climbed 10% to $2.51 billion.A higher average basket led comp growth, while customer transactions also increased across banners & regions.First-half HomeGoods comps rose 8%, with net sales up 10% to $5.01 billion from $4.54 billion. The TJX Companies, Inc. (TJX - Free Report) continues to see strong momentum at its HomeGoods division, which operates the HomeGoods and Homesense banners in the United States. The business offers a wide range of home merchandise across decorative, seasonal, kitchen, textile and giftware categories, combining replenishable products with its treasure-hunt shopping format.
HomeGoods delivered a solid second-quarter fiscal 2027 performance, with comparable sales rising 7%, up from 5% growth in the prior-year quarter. HomeGoods’ net sales increased 10% to $2,507 million from $2,286 million. The comp gain was primarily driven by a higher average basket, while customer transactions also increased. Performance was strong across both banners, all regions and income demographic bands.
Product demand was well spread across the assortment. Replenishable consumables helped support steady traffic, while decorative and higher-ticket categories, including lighting and wall merchandise, also performed well. Kitchen gadgets, linens, towels, sheets, giftware, gourmet food and seasonal decor were among the other areas highlighted.
The strength was also evident over the first six months of fiscal 2027. HomeGoods comparable sales increased 8%, compared with 5% a year earlier, while net sales rose 10% to $5,013 million from $4,540 million.
Overall, HomeGoods’ recent performance has been supported by strength across a broad range of merchandise, with both a higher average basket and increased customer transactions contributing to comparable-sales growth. With the recent gains extending across categories, banners and regions, HomeGoods’ sales momentum remains an important trend to watch as the year progresses.
TJX and Peers See Home Category StrengthRoss Stores (ROST - Free Report) also saw notable strength in Home during the second quarter of fiscal 2026. Home was one of Ross Stores’ strongest businesses and outpaced its average. Decorative home and housewares were particularly strong, posting mid-teens growth across Ross and dd’s. With comparable-store sales up 10%, primarily driven by traffic, Ross Stores’ Home performance contributed to broad-based sales strength.
Burlington Stores, Inc. (BURL - Free Report) saw improving performance in Home during the second quarter of fiscal 2026. The company’s Home business started to outperform the chain as it began lapping last year’s tariff-related assortment pressure. In July, Burlington Stores’ Home grew faster than the chain, with that trend continuing into August amid strength in home furnishings, kitchen essentials and toys. Burlington Stores noted that second-quarter comp growth was primarily driven by a higher basket.
TJX’s Price Performance, Valuation and EstimatesShares of The TJX Companies have fallen 15% in the past month compared with the industry’s decline of 4.6%.
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From a valuation standpoint, TJX trades at a forward price-to-earnings ratio of 24.30X, down from the industry’s average of 29.40X.
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The Zacks Consensus Estimate for The TJX Companies’ fiscal 2027 and 2028 earnings per share has inched up 1 cent to $5.21 and $5.73, respectively, in the past seven days.
Image Source: Zacks Investment Research
TJX currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Costco ve 3. fiskálním čtvrtletí zvýšila srovnatelné tržby o 6,6 % a zředěný EPS stoupl o 15,2 % na 4,93 USD. TJX Companies ve 2. fiskálním čtvrtletí přidala 4 % na srovnatelných tržbách a EPS vzrostl o 23,6 % na 1,36 USD.
Peter Lynch built an impressive track record as the fund manager for Fidelity's Magellan Fund. Under his stewardship, from 1977 to 1990, the fund beat the S&P 500 index in 11 out of the 13 years. And it produced an impressive 29% average annual return.
Fortunately, Lynch shares his wisdom in a book called One Up on Wall Street. He describes his philosophy, which is buy what you know, research the company's fundamentals, and plan to make a long-term commitment.
With this in mind, here are two consumer goods companies that fit the bill.
Image source: Getty Images.
1. Costco Many people continue to shop at Costco Wholesale's (COST -0.17%) giant warehouses. If you've ever gone into one, you can usually see a crowd.
What makes Costco so special? After all, members pay an annual fee for the privilege. It offers a wide range of high-quality goods and services at low unit prices. It can do that by often offering items in bulk sizes.
Digging deeper into the numbers, membership retention and growth bear out Costco's continued appeal. Global renewal rates were about 90% in the fiscal third quarter (ended May 10), in line with historical retention rates. Meanwhile, paid members increased from 82.1 million to 82.9 million over the quarter.
Costco's same-store sales (comps) continue to grow, with a sharp 6.6% increase last quarter, after excluding foreign-currency translation effects and gasoline sales. This helped drive diluted earnings per share 15.2% higher versus a year ago, to $4.93.
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The company also still has a growth opportunity. It has been expanding, opening more than 20 warehouses annually. During the first three quarters of this year, management expanded by 16 locations and announced it would open another 13 in the last three months of the year.
2. TJX Companies TJX Companies' (TJX -0.90%) retail store banners include TJ Maxx, Marshalls, and HomeSense. It sells merchandise like apparel, accessories, and furniture at steep discounts (20% to 60%) compared to other retailers.
It can do this because it buys merchandise that manufacturers need to sell for various reasons. These include faltering demand, canceled orders from other retailers, and out-of-season items.
Management buys opportunistically, and shoppers "treasure hunt," or seek items at attractive prices. This appeals to people, but particularly during tough economic times, when consumers can buy more goods at attractive prices.
TJX Companies' brands have continued to post impressive comps. Fiscal second-quarter comps gained 4% and were higher across all of its divisions. Diluted earnings per share grew 23.6% year over year to $1.36. The period ended on Aug. 1.
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Management continues to see room for expansion. It opened 129 new stores last year and 71 during the first half of this year. TJX had 5,285 stores as of Aug. 1.
Akcie TJX Companies po výsledcích za 2. fiskální čtvrtletí klesly o 2,30 %, přestože tržby vzrostly o 5,4 % na 15,18 miliardy USD a celoroční výhled zůstal nad odhady.
TJX Companies' NASDAQ: TJX stock price disconnected from reality when it plunged following its fiscal Q2 2027 release. While some metrics were lackluster, the tepidness was relative to a high bar. The results were strong, the outlook robust, and the cash flow continues.
TJX Companies Today
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That disconnect triggered a buy signal worth investors' attention. Technically, the stock fell beneath the near-term support target of $148.50 and confirmed it for the fourth time. In this scenario, TJX isn’t topping out; rather, it is consolidating in preparation for the next run higher, which will likely begin before year’s end.
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Reasons for the price plunge include weak results in the core Marmaxx division and Q3 guidance. Marmaxx comps grew only 1%, below expectations, but strengths in all other segments offset it. All other reporting segments, including Home Goods, TJX Canada and TJX International, grew 6% or 7%, prompting management to accelerate its growth plans. The plan is to accelerate store-count growth to 4% annually, with an increased total target of 7,500 stores. That represents a nearly 50% increase in store count, setting the stage for growth in business and stock price.
Q3 guidance is a bigger concern, but it's offset by an equally large upside. Near-term, Q3 profit targets are slightly below consensus but still call for sequential and year-over-year growth. The full-year outlook is above consensus forecasts, with a healthy holiday season ahead.
TJX Grows, Widens Margins, Improves Capital Return OutlookIf growth and capital returns drive stock prices, TJX Companies delivered as good a report as it could have. The company grew revenue by 5.4% to $15.18 billion, beating the high bar set by analysts by a slim margin. Within that, comps grew at a steady 4% pace, with weakness in one segment offset by strength in others. More importantly, the company widened margins at all levels, even after adjusting for tariff refund impacts, driving accelerated bottom-line growth. The net result was $2.2 billion in operating cash flow, more than sufficient to sustain operational health while investing in growth and paying investors.
The capital return is as good as it gets, with a healthy dividend, distribution growth, and share-reducing buybacks. The only downside is that TJX Companies' quality leads to persistently high valuation multiples, which keep the payments in the 1% range, annualized. Reliability is also part of the equation; the company has increased its distribution in 29 of the last 30 years, pausing only once due to COVID-19. It is as good as a Dividend Champion, expected to sustain its double-digit compound annual distribution growth rate for the foreseeable future.
The buybacks are more substantial, at about 1.5x the Q2 dividend distribution. They help sustain the valuation by reducing the share count, providing leverage for investors, and are expected to continue through year’s end.
Guidance included an affirmation of full-year targets, forecasting the H1 fiscal 2027 pace to continue through year’s end. Among the opportunities in 2026 is snagging this cash flow machine at a higher-than-average 1.3% dividend yield, before it accelerates buybacks.
Bullish Analysts Praise TJX Companies, But Caution RemainsInitial analyst responses following the earnings release included praise for the results, plans to accelerate growth, and margins, alongside caution focused on weak Q3 guidance. The takeaway is that the near-term weakness is unlikely to derail the long-term uptrend, and the group is overwhelmingly bullish on the stock. They rate it a consensus Buy and show high conviction: 21 ratings tracked, a 95% Buy-side bias in the data, and 20% upside potential at the consensus relative to the critical support target.
The price-target trend, which matters more than the consensus target itself, is also bullish and points to the high end of the range. Either way, consensus puts this market at a fresh all-time high, which would trigger additional market activity if it reaches that level. In this scenario, TJX stock breaks out of its consolidation range to the upside, confirming the underlying price trend, and brings target moves equal to the range magnitude and the summer 2026 price rally into play. Those targets would put TJX in the $190 to $200 range within a few months of the breakout.
TJX Companies’ biggest risk in 2026 is a Q3 guidance shortfall, but it is minimal given the company’s market position and moat. It has deep ties with leading retailers, giving it a healthy deal pipeline. Combined with inventory management, the deal pipeline keeps the company positioned to continuously move fresh merchandise through its stores.
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Should You Invest $1,000 in TJX Companies Right Now?Before you consider TJX Companies, you'll want to hear this.
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The TJX Companies (TJX -2.89%) stock tumbled 6% in early trading Wednesday despite beating on earnings this morning, before recovering to a 1.3% decline as of 10:15 a.m. ET.
Heading into the report, analysts expected TJX to earn $1.19 per share, and TJX beat that number, reporting $1.22. Sales roughly matched expectations at $15.2 billion for the quarter.
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TJX Q2 earnings Sales increased 5% year over year, and same-store sales (SSS) in particular grew a faster than expected 4%. Non-GAAP earnings were up 11% year over year, and earnings calculated under generally accepted accounting principles (GAAP) -- which included a big refund of tariffs earlier collected by the Trump Administration -- exploded 24% higher to $1.36 per share.
Management noted that almost all of its brands grew faster than expected. Only Marmaxx (the company's biggest division and the one that includes the T.J. Maxx and Marshalls chains) underperformed.
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What's next for TJX Underperforming in your biggest division isn't great news, and in Q3, management says growth might average only 2% or 3%. TJX still expects to end the year with 3%-4% comp growth, plus growth from new store openings.
Earnings-wise, the company anticipates GAAP profits of about $1.37 per share in Q3, and roughly $5.33 for the full year -- both numbers including windfall gains from tariff refunds that won't repeat.
Is this good or bad news? Well, valued on the full-year earnings projection, TJX appears to be trading for about 28 times current year earnings. Factor in about a 4% rate of store growth and no more than 4% growth in same-store sales, though, and we're looking here at a high double-digit P/E stock with only a high single-digit growth rate.
For a retail stock like TJX, that's probably too expensive, so I'll pass on today's sale.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends TJX Companies. The Motley Fool has a disclosure policy.
TJX zvýšila celoroční výhled zisku a očekává EPS za fiskální rok 2027 v pásmu 5,31 až 5,36 USD. Zároveň ale snížila odhad zisku za třetí čtvrtletí pod odhady Wall Street.
A TJX logo appears in this illustration taken August 18, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
SummaryCompaniesMarmaxx same-store sales slowed sharply from prior quarterQ3 profit forecast below analysts' estimatesTariff refunds may trim merchandise costs, partly offset by higher bonus expensesAug 19 (Reuters) - TJX (TJX.N), opens new tab forecast third-quarter profit below Wall Street estimates as slowing growth at its key Marmaxx division fueled concerns of a pullback in consumer spending, sending its shares down about 5% on Wednesday.
The Framingham, Massachusetts-based retailer also raised its annual profit forecast and maintained its comparable store sales target for growth between 3% and 4%.
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TJX faces mounting competition from value retailers Ross Stores (ROST.O), opens new tab and Burlington Stores (BURL.N), opens new tab as consumers grow more selective with discretionary purchases amid economic uncertainty and a softer labor market.
Excluding an expected net benefit of six cents from tariff refunds, TJX sees third-quarter adjusted earnings per share to be in the range of $1.30 to $1.32, compared with analyst expectations of $1.35, according to LSEG data.
Marmaxx, TJX's largest division and home to the TJ Maxx and Marshalls chains, posted comparable sales growth of 1% in the second quarter, slowing from 6% growth in the previous quarter.
"Our fear is that it relates to lower ticket (less purchases per shopping trip) given wider signs of consumer weakness and price increases over the last year and a half," William Blair analyst Dylan Carden said.
TJX, which offers merchandise priced from under $10 to designer goods costing several thousands of dollars, has boosted marketing efforts to attract shoppers with new launches and celebrity-led campaigns.
The company expects additional tariff refunds in the third quarter that could lower merchandise costs, although part of the benefit is expected to be offset by higher incentive compensation and bonus expenses.
The TJ Maxx parent expects earnings per share for fiscal 2027 to be between $5.31 and $5.36, compared with its previous forecast of $5.08 to $5.15.
Net sales rose 5.4% to $15.18 billion in the quarter ended August 1, narrowly beating estimates of $15.16 billion.
The company reported quarterly adjusted earnings per share rose 11% to $1.22, slightly above expectations of $1.19.
Reporting by Sanskriti Shekhar in Bengaluru; Editing by Devika Syamnath
Our Standards: The Thomson Reuters Trust Principles., opens new tab
The TJX Companies, Inc. (NYSE:TJX) will release its second quarter earnings report before the opening bell on Wednesday, Aug. 19.
Analysts expect the Framingham, Massachusetts-based company to report quarterly earnings of $1.19 per share, up from $1.10 per share in the year-ago period. The consensus estimate for TJX’s quarterly revenue is $15.18 billion. It reported $14.4 billion last year, according to Benzinga Pro.
On May 20, TJX reported better-than-expected first-quarter financial results and raised its FY27 GAAP EPS guidance.
Shares of TJX edged lower to $150.85 on Tuesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
UBS analyst Jay Sole maintained a Buy rating and raised the price target from $193 to $197 on May 21, 2026. This analyst has an accuracy rate of 67%. Telsey Advisory Group analyst Dana Telsey maintained an Outperform rating and raised the price target from $175 to $185 on May 21, 2026. This analyst has an accuracy rate of 65%. Barclays analyst Adrienne Yih maintained an Overweight rating and increased the price target from $183 to $190 on May 21, 2026. This analyst has an accuracy rate of 69%. Evercore ISI Group analyst Michael Binetti maintained an Outperform rating and increased the price target from $171 to $175 on May 21, 2026. This analyst has an accuracy rate of 67%. Citigroup analyst Paul Lejuez maintained a Buy rating and raised the price target from $168 to $182 on May 21, 2026. This analyst has an accuracy rate of 65%. Latest Private Market Opportunities
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Wall Street expects a year-over-year increase in earnings on higher revenues when TJX (TJX - Free Report) reports results for the quarter ended July 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 19. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis parent of T.J. Maxx, Marshalls and other stores is expected to post quarterly earnings of $1.18 per share in its upcoming report, which represents a year-over-year change of +7.3%.
Revenues are expected to be $15.14 billion, up 5.1% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.91% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for TJX?For TJX, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.31%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination indicates that TJX will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that TJX would post earnings of $1.01 per share when it actually produced earnings of $1.19, delivering a surprise of +17.82%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
TJX appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
HomeGoods v 1. čtvrtletí fiskálního roku 2027 zvýšil srovnatelné tržby o 9 % a tržby v USA o 11 % na 2,51 miliardy USD. Segmentová marže se zvedla o 270 bazických bodů na 12,9 %.
Key Takeaways HomeGoods delivered 9% comparable sales growth in fiscal Q1, outpacing TJX's larger banners.Net sales in the HomeGoods U.S. division rose 11% to $2.51B as demand broadened across regions.Segment margin expanded 270 basis points to 12.9%, signaling rising efficiency and scale. The TJX Companies, Inc.’s (TJX - Free Report) HomeGoods banner is increasingly looking like more than just a complementary business within the retailer's portfolio. The chain is emerging as a meaningful earnings contributor as its scale, sales momentum and profitability continue to improve.
The latest quarter highlighted that shift. HomeGoods posted a 9% comparable sales increase in the first quarter of fiscal 2027, outpacing the company's larger banners and demonstrating broad-based demand across regions and customer income groups. Net sales in the HomeGoods (United States) division rose 11% year over year to $2,506 million. More importantly, profitability improved at an even faster pace, with segment margin expanding 270 basis points to 12.9%.
The performance also reinforces the strength of HomeGoods' merchandising proposition. The banner continues to attract shoppers with an eclectic assortment of home fashions and furnishings sourced from around the world and offered at compelling values through its off-price model. The broad-based growth across regions and income demographics suggests that its appeal extends well beyond a specific customer segment.
Just as importantly, strong sales momentum is translating into higher profitability. The expansion in segment margin indicates that HomeGoods is not only growing faster but also becoming a more efficient business as it gains scale. The latest results suggest the banner is strengthening the contribution to TJX's earnings mix and establishing itself as an increasingly important profit engine within the portfolio.
TJX and Peers See Similar DynamicsRoss Stores (ROST - Free Report) achieved strong growth through disciplined execution of its off-price model. Driven by robust customer traffic, Ross Stores delivered a stellar 17% comparable store sales increase in the first quarter of fiscal 2026. The broad-based gains across income levels, age groups and ethnicities underscore the banner's wide consumer appeal. Importantly, Ross Stores translated this sales momentum into stronger profitability, with operating margin expanding 120 basis points to 13.4%.
Burlington Stores, Inc. (BURL - Free Report) has been benefiting from the disciplined execution of its off-price model. In the first quarter of fiscal 2026, Burlington Stores reported 6% comparable store sales growth and a 14% increase in total sales. Disciplined inventory management, faster inventory turns and an ability to chase trends enabled Burlington Stores to convert sales growth into margin expansion and consistent earnings growth.
TJX’s Price Performance, Valuation and EstimatesShares of The TJX Companies have gained 1.8% in the past month compared with the industry’s growth of 2%.
Image Source: Zacks Investment Research
From a valuation standpoint, TJX trades at a forward price-to-earnings ratio of 28.93X, down from the industry’s average of 30.91X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for The TJX Companies’ fiscal 2027 and 2028 earnings per share has inched up 2 cents and 1 cent to $5.17 and $5.67, respectively, in the past 30 days.
Image Source: Zacks Investment Research
TJX currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
TJX klesl o 6,04 % na 155,19 USD, výrazně pod výkonem S&P 500. Trh nyní čeká na hospodářské výsledky, kde se odhaduje EPS 1,17 USD a tržby 15,12 miliardy USD.
TJX (TJX - Free Report) closed the most recent trading day at $155.19, moving -6.04% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.01% for the day. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, lost 0.46%.
Shares of the parent of T.J. Maxx, Marshalls and other stores witnessed a gain of 5.2% over the previous month, beating the performance of the Retail-Wholesale sector with its loss of 5.64%, and the S&P 500's loss of 1.4%.
The investment community will be closely monitoring the performance of TJX in its forthcoming earnings report. The company is forecasted to report an EPS of $1.17, showcasing a 6.36% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $15.12 billion, indicating a 5.02% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.17 per share and revenue of $63.9 billion, which would represent changes of +9.3% and +5.85%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for TJX. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.28% rise in the Zacks Consensus EPS estimate. TJX presently features a Zacks Rank of #2 (Buy).
Looking at its valuation, TJX is holding a Forward P/E ratio of 31.96. This signifies a premium in comparison to the average Forward P/E of 28.85 for its industry.
Meanwhile, TJX's PEG ratio is currently 3.58. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. TJX's industry had an average PEG ratio of 2.57 as of yesterday's close.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 23, finds itself in the top 10% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
TJX ve 1. fiskálním čtvrtletí překonala odhady na EPS i tržbách a zvýšila výhled pro fiskální rok 2027. Akcie jsou od posledních výsledků asi o 4 % výše.
It has been about a month since the last earnings report for TJX (TJX - Free Report) . Shares have added about 4% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is TJX due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important drivers.
TJX Q1 Earnings and Sales Beat Estimates, Fiscal 2027 Guidance RaisedThe TJX Companies posted first-quarter fiscal 2027 results, wherein the top and bottom lines beat the Zacks Consensus Estimate. Both metrics also increased from the year-ago quarter. The company raised its fiscal 2027 guidance.
The TJX Companies’ fiscal first-quarter earnings per share (EPS) were $1.19, up 29% from the year-ago quarter. The metric also beat the Zacks Consensus Estimate of $1.01 per share.
Net sales came in at $14,323 million, registering an increase of 9% year over year and surpassing the Zacks Consensus Estimate of $13,998 million.
In the Marmaxx (the United States) division, the company’s net sales were $8,650 million, up 7% year over year. Net sales amounted to $2,506 million, up 11% year over year, in the HomeGoods (the United States) division. TJX Canada’s net sales were $1,285 million, up 12% from the figure reported in the year-ago period. TJX International’s (Europe & Australia) net sales were $1,882 million, up 13% year over year.
The company witnessed a 6% jump in consolidated comparable store sales, supported by strong performance in every division. Comparable store sales rose 6% at Marmaxx (the United States), 9% at HomeGoods (the United States), 7% at TJX Canada and 4% at TJX International (Europe & Australia).
The TJX Companies’ pretax profit margin was 12%, up 1.7 percentage points from the year-ago quarter’s level. The increase is driven by expense leverage from stronger-than-planned sales, favorable fuel hedges and better-than-anticipated merchandise margins.
The gross profit margin was 31.3%, up 1.8 percentage points year over year, mainly driven by higher merchandise margins, favorable inventory and fuel hedge impacts, and expense leverage from stronger sales performance.
The company’s selling, general and administrative costs, as a percent of sales, were 19.5%, a 0.1 percentage point increase.
TJX’s Financial Health SnapshotDuring the first-quarter fiscal 2027, the company increased its total store count by 48, reaching 5,262.
The TJX Companies ended the quarter with cash and cash equivalents of $5,580 million, long-term debt of $1,871 million and shareholders’ equity of $10,403 million. It generated an operating cash flow of $1,119 million in the first quarter of fiscal 2027.
In the fiscal first quarter, the company returned $1.1 billion to shareholders, including $604 million used to repurchase 3.8 million shares and $471 million paid in shareholder dividends. The company also increased its fiscal 2027 share repurchase plan to be between $2.75 billion and $3 billion.
What to Expect From TJX Moving Forward?For fiscal 2027, The TJX Companies now expects consolidated comparable store sales growth of 3% to 4%, up from the previously estimated 2% to 3% rise. The company also raised its pretax profit margin outlook to 11.9% to 12% compared with the prior range of 11.7% to 11.8%, and now anticipates earnings per share of $5.08 to $5.15, above the earlier forecast of $4.93 to $5.02.
For the second quarter of fiscal 2027, management expects consolidated comparable store sales to grow 2% to 3%. The company projects a pretax profit margin between 11.4% and 11.5%. The quarterly EPS is expected in the range of $1.15 to $1.17.
How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended downward during the past month.
VGM ScoresAt this time, TJX has a great Growth Score of A, though it is lagging a bit on the Momentum Score front with a B. However, the stock was allocated a score of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, TJX has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
TJX má silný provoz, ale akcie po 34% růstu za rok se obchodují asi za 32násobek letošních zisků. Tržby ve stejných prodejnách v 1. čtvrtletí vzrostly o 6 % a hrubá marže se zvedla na 31,3 %.
The TJX Companies (TJX +0.47%) has earned its reputation for providing value to both its customers and its long-term shareholders. Yet with shares up 34% over the past year and the stock now trading at roughly 32 times this year's earnings estimates, the value proposition for investors may be fading.
Operationally, the business remains strong. In the first quarter, same-store (comp) sales rose 6%, driven by higher customer traffic and spending per visit. The balanced growth across TJ Maxx, Marshalls, and HomeGoods, which posted an impressive 9% comp, shows the company continues to attract a broad range of customers.
The company's "treasure hunt" shopping experience has proven a durable advantage that resonates with younger shoppers. These Gen Z and millennial shoppers now account for a disproportionate number of its new customers, according to management.
TJX's margins are also expanding at a time when many retailers are facing pressure, with gross margin expanding by nearly 2 percentage points, reaching 31.3% in the quarter.
Image source: Getty Images
An opportunistic buying model The retailer's track record stems from its ability to capitalize on shifting fashion trends. While most companies struggle with excess inventory, the off-price retailer takes advantage, acquiring merchandise at deep discounts during times of distress.
The company leverages its relationships with over 21,000 vendors, giving it unmatched access to deals on brand-name goods. This allows TJX to sell brand-name and designer merchandise at prices typically 20% to 60% below those of traditional retailers. This value proposition continues to drive consistent traffic to its stores.
With over 5,200 stores globally, extending the growth story requires creativity. Management has outlined a pathway to an additional 1,800 stores within its current markets.
A significant portion of this growth is focused on the U.S. home furnishings market, which management estimates is worth over $30 billion. The company recently raised its long-term store target for HomeGoods in the U.S. from 1,000 to 1,800 locations.
This banner, along with its growing Homesense format, offers a source of profitable growth to complement its maturing apparel business while facing limited off-price competition.
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A high price for quality While the domestic growth story is compelling, international stores continue to report below-average profitability. TJX International's segment profit margin was just 4.6% in the first quarter, compared with the low-to-mid-teens for the rest of the business.
The company generated nearly $5 billion in free cash flow last year and maintains a strong balance sheet with $2.7 billion in net cash. This financial flexibility allows management to be patient, enabling it to invest in its next leg of growth, which could include entering a new category to expand its total addressable market.
After its strong run, the company needs to deliver on continued growth and margin expansion to drive returns from here. TJX remains one of the best-run companies in retail, and the off-price category remains a compelling space to invest, but at over 30 times earnings, patience may be the best approach.
TJX International v 1. čtvrtletí fiskálního roku 2027 zvýšila srovnatelné tržby o 4 % díky Evropě a Austrálii. Firma otevřela první obchod ve Španělsku a plánuje další expanzi.
Key Takeaways TJX International posted a 4% comp sales gain, led by strong trends in Europe and Australia.TJX opened its first store in Spain and plans more locations after encouraging initial customer response.TJX sees room for 1,700 more stores and is exploring joint ventures and strategic investments. The TJX Companies, Inc. (TJX - Free Report) appears to be strengthening its position to capture additional share in overseas markets, aided by steady momentum across Europe and Australia. In the first quarter of fiscal 2027, TJX International posted a 4% comparable sales increase, while management highlighted strong trends in Europe and particularly robust demand in Australia.
A notable development was the opening of the company’s first store in Spain. Management described the initial customer response as highly encouraging and indicated plans to add more locations in the country this year. The expansion suggests confidence that the off-price retail model can resonate with consumers beyond TJX’s existing markets.
The company also sees opportunities through partnerships. Its joint venture with Grupo Axo in Mexico is progressing well, combining TJX’s merchandising expertise with local operating capabilities. Though still in the early stages, management expressed optimism about the long-term potential of the Mexican market. Similarly, TJX remains constructive on its investment in Brands For Less in the Middle East despite geopolitical challenges.
Importantly, management emphasized that the company now operates in 10 countries and believes there is room for more than 1,700 additional stores within its existing markets. TJX is exploring adjacent countries and multiple expansion avenues, including joint ventures and strategic investments.
These initiatives suggest TJX is leveraging both organic expansion and partnerships to deepen its international footprint and pursue greater market share overseas.
TJX and Its Peers Seek Growth Through Store ExpansionRoss Stores (ROST - Free Report) remains focused on domestic expansion. With the Northeast emerging as a key growth area, Ross Stores continues to broaden its footprint across new and existing U.S. regions. Ross Stores plans to open about 110 new stores this year and sees opportunities to further penetrate underpenetrated markets, underscoring its emphasis on capturing additional market share within the United States.
Burlington Stores, Inc. (BURL - Free Report) remains focused on strengthening its domestic footprint. Supported by strong productivity initiatives, Burlington Stores continues to add new locations and expects 115 net new stores in 2026. Burlington Stores also sees a robust pipeline for 2027 and 2028, underscoring its emphasis on capturing additional market share across the United States.
TJX’s Price Performance, Valuation and EstimatesShares of The TJX Companies have gained 3.5% in the past month against the industry’s decline of 2.4%.
Image Source: Zacks Investment Research
From a valuation standpoint, TJX trades at a forward price-to-earnings ratio of 30.54X, down from the industry’s average of 31.26X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for TJX’s current and next fiscal-year earnings per share implies a year-over-year rise of 9.3% and 9.7%, respectively.
Image Source: Zacks Investment Research
TJX currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
