TJX reported Q2 2027 results above plan, driven by strong performance at HomeGoods and international divisions, but noted significant execution issues at its largest Marmax division. Management raised full-year EPS and margin guidance, but gave a cautious 2-3% comp outlook for Q3 and Q4, citing higher freight costs and a moderate consumer. Q2 consolidated comps up 4%, above plan; driven by a higher average basket and increased transactions.
TJX reported Q2 2027 results above plan, driven by strong performance at HomeGoods and international divisions, but noted significant execution issues at its largest Marmax division. Management raised full-year EPS and margin guidance, but gave a cautious 2-3% comp outlook for Q3 and Q4, citing higher freight costs and a moderate consumer. Q2 consolidated comps up 4%, above plan; driven by a higher average basket and increased transactions.
TJX reported Q2 2027 results above plan, driven by strong performance at HomeGoods and international divisions, but noted significant execution issues at its largest Marmax division. Management raised full-year EPS and margin guidance, but gave a cautious 2-3% comp outlook for…
Management noted strong consumer demand for value, with overall comp sales up 4% in Q2, driven by higher average basket and increased transactions. They cited outstanding merchandise availability and a strong start to Q3, with confidence in continued demand despite a planned…
Management is planning to accelerate store openings to 4% starting next year, funded by confidence in merchandise availability and market share opportunities. They increased long-term store growth potential by 500 stores to 7,500 stores, reflecting expansion in TJ Maxx…
Management is planning to accelerate store openings to 4% starting next year, funded by confidence in merchandise availability and market share opportunities. They increased long-term store growth potential by 500 stores to 7,500 stores, reflecting expansion in TJ Maxx…
Management noted strong consumer demand for value, with overall comp sales up 4% in Q2, driven by higher average basket and increased transactions. They cited outstanding merchandise availability and a strong start to Q3, with confidence in continued demand despite a planned moderation in comp sales guidance for the second half.
Management is planning to accelerate store openings to 4% starting next year, funded by confidence in merchandise availability and market share opportunities. They increased long-term store growth potential by 500 stores to 7,500 stores, reflecting expansion in TJ Maxx, Marshalls, and HomeGoods divisions.
Management expressed confidence in fixing the Marmax execution issues and accelerating store growth, while reiterating a long runway for growth and market share capture.
“We're seeing higher fuel rates comparatively speaking... Freight rates also, due to what the trucking companies are seeing, they're seeing less driver availability, which is driving up price.”
| Metric | Period | Range | Midpoint | Status |
|---|---|---|---|---|
| EPS | FY2027 Q3 | $1.30–$1.32 | $1.31 | MAINTAINED |
| EPS | FY2027 | $5.15–$5.20 | $5.18 | RAISED |
| EPS | FY2027 Q4 | $1.44–$1.47 | $1.46 | MAINTAINED |
| Gross margin | FY2027 Q3 | 32.1%–32.2% | 32.15% | MAINTAINED |
| Revenue | FY2027 Q3 | $15.6B–$15.8B | $15.7B | MAINTAINED |
| Revenue | FY2027 | $63.4B–$63.8B | $63.6B | MAINTAINED |
| Issued | Metric | Target | Guide | Actual | Outcome |
|---|---|---|---|---|---|
| FY2027 Q1 | EPS | FY2027 Q2 | $1.15–$1.17 | $1.22 | Met / beat |
| FY2027 Q1 | Gross margin | FY2027 Q2 | 30.9%–31% | 33.41% | Met / beat |
| FY2027 Q1 | Op margin | FY2027 Q2 | 11.4%–11.5% | 0% | Missed |
| FY2027 Q1 | Revenue | FY2027 Q2 | $15B–$15.1B | $15.18B | Met / beat |
| FY2026 Q4 | Revenue | FY2027 Q1 | $13.8B–$13.9B | $14.323B | Met / beat |
| FY2026 Q3 | EPS | FY2026 Q4 | $1.33–$1.36 | $1.43 | Met / beat |
| FY2026 Q3 | Gross margin | FY2026 Q4 | 30.5%–30.6% | 30.86% | Met / beat |
| FY2026 Q3 | Op margin | FY2026 Q4 | 11.7%–11.8% | 13.27% | Met / beat |
| FY2026 Q3 | Revenue | FY2026 Q4 | $17.1B–$17.3B | $17.743B | Met / beat |