TJX Lifts FY27 EPS and Margin Outlook After Q2 Beat; Store Expansion Set to Accelerate
TJX is trading near its 52-week low of $132.63 (9.2% above the low).
Summary
TJX beat Q2 estimates, raised full-year profit and EPS guidance, and announced faster store growth plans, driven by strong comparable sales and a one-time tariff refund benefit.
Key Events · Earnings and Guidance · TJX
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Q2 Beat with Strong Comps
Adjusted EPS of $1.22 came in $0.03 above consensus, while consolidated comparable sales rose 4%—ahead of plan—with HomeGoods, TJX Canada, and TJX International each up 6-7%.
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Full-Year Guidance Raised
The pretax margin outlook for FY27 was increased to 12.3%-12.4% (adjusted 12.0%-12.1%), and the diluted EPS outlook was raised to $5.31-$5.36 (adjusted $5.15-$5.20).
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Tariff Refund Benefit
IEEPA tariff refunds of $331M were partially offset by $112M in incremental compensation accruals, yielding a $219M net pretax benefit ($0.14 per share).
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Store Growth Acceleration
Store openings are planned to accelerate to 4% beginning FY28, and the long-term global store target was raised by 500 to 7,500 stores.
Analysis · TJX · Trade & Services
A strong second quarter, with adjusted EPS of $1.22 beating consensus by $0.03, prompted TJX to raise its full-year guidance for both pretax margin and EPS. Management also signaled confidence in global expansion by accelerating store openings to 4% beginning FY28 and lifting the long-term store target to 7,500. The quarter benefited from a $219 million net pretax gain from IEEPA tariff refunds, which was excluded from adjusted figures, while underlying comparable sales grew a solid 4%.
At the time of this filing, TJX was trading at $144.88 on NYSE in the Trade & Services sector, with a market capitalization of approximately $166.6B. The 52-week trading range was $132.63 to $170.00. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.