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.
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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.
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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.
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.
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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.
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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
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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.
