The TJX Companies, Inc. (TJX) Earnings Call Transcripts

The TJX Companies, Inc.'s Latest Earnings Call - Q1 FY2027

In the first quarter of fiscal 2027, The TJX Companies reported strong financial results, with consolidated sales of $15.1 billion, up 5% year-over-year, and diluted earnings per share (EPS) of $1.19, reflecting a 29% increase. Management raised their full-year sales guidance to a range of $63.2 billion to $63.7 billion, up from prior expectations, indicating confidence in continued consumer demand despite macroeconomic pressures. The company also highlighted a robust 6% increase in comparable store sales, driven by both higher transaction volumes and average basket sizes across all divisions.

Reported metrics

Guidance from management

Management expects second quarter comp sales to increase 2% to 3% and full-year sales to grow 5% to 6%. They raised full-year diluted EPS guidance to a range of $5.08 to $5.15, reflecting a 7% to 9% increase versus last year's adjusted EPS.

What management said

Hi, Lorraine, no, no change in behavior. Again, we don't top-down drive that. We do it from bottom up with our merchants. And because we're across good, better and best, and we do monitor even purchases by income group, by ticket, et cetera, and we've seen no change in the pattern across any of that.

And Lorraine, similar to the last few quarters, when we look at the comp performance in Marmaxx by department, in the ticket change by department. There's no correlation at all of the ticket movement and the comp performance. So again, we continue to just see that we are pricing our goods at fantastic value against what the full price out-the-door retail is.

What analysts pressed on

Analysts expressed concerns regarding the impact of rising fuel prices on future margins and the sustainability of customer traffic growth. Questions were raised about whether the increase in transactions was due to a shift in consumer behavior or simply effective management strategies.

Main topics on the call

• Strong Comp Sales Growth — TJX reported a 6% increase in comparable store sales, which was well above expectations. CEO Ernie Herrman noted, "I am particularly pleased that each of our divisions delivered strong comp sales growth and drove increas...
• Improved Profit Margins — The company achieved a pretax profit margin of 12%, up 170 basis points from the previous year, and gross margin increased to 31.3%, up 180 basis points. John Klinger attributed this to "favorable inventory and fuel hedg...
• Increased Full-Year Guidance — Management raised its full-year sales guidance to $63.2 billion to $63.7 billion, up from previous estimates, reflecting confidence in ongoing demand. John Klinger stated, "We are increasing our full year consolidated sa...
• Inventory Levels — TJX reported a balanced inventory increase of 8%, with inventory per store up 7%. Management expressed confidence in their inventory levels, stating, "We feel great about our inventory levels and the excellent availabili...

Read the full The TJX Companies, Inc. transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 26 The TJX Companies, Inc. earnings call transcripts on record, spanning February 26, 2020 to May 20, 2026. Based on this history, The TJX Companies, Inc. reports quarterly. The most recent call on file is dated May 20, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TJX

Exchange

NYSE

Country

US

Sector

Consumer Discretionary

Industry

Specialty Retail

Calls on record

26

First call

February 26, 2020

Most recent

May 20, 2026

Reporting cadence

quarterly