TJX Q2 10-Q: $331M Tariff Refund Boosts EPS; $3B Buyback Authorized
TJX is trading near its 52-week low of $133.55 (0.9% above the low) on light trading volume (0.3× avg).
Summary
TJX's Q2 10-Q details a $331 million tariff refund windfall, a new $3 billion buyback program, and a raised long-term store target of 7,500 locations.
Key Events · Earnings and Guidance · TJX
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Tariff Refund Windfall
A $331 million IEEPA tariff refund was received in Q2 fiscal 2027, yielding a net $219 million benefit after $112 million in incremental incentive compensation accruals.
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New $3B Buyback Authorization
The board approved a new $3.0 billion stock repurchase program in February 2026; approximately $2.7 billion remained available as of August 1, 2026.
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Store Target Raised to 7,500
The long-term global store target increased to 7,500, reflecting 300 additional Marmaxx and 200 additional HomeGoods stores.
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FY27 Capex Guidance Set
Full-year fiscal 2027 capital expenditures are expected to be approximately $2.2 billion to $2.3 billion, funded by existing cash and operations.
Analysis · TJX · Trade & Services
The second-quarter 10-Q confirms the strong results previewed in the August 19 earnings release, but adds material new detail. A $331 million IEEPA tariff refund was received during the quarter, contributing a net $219 million benefit to earnings after $112 million in incremental incentive compensation accruals. Management also disclosed a new $3.0 billion stock repurchase authorization with roughly $2.7 billion remaining, raised its long-term store target to 7,500 locations, and set full-year capex guidance of $2.2–2.3 billion. Despite the beat, the stock trades near its 52-week low, suggesting the market has not fully rewarded the tariff windfall or the expanded buyback capacity.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, TJX was trading at $134.72 on NYSE in the Trade & Services sector, with a market capitalization of approximately $148.8B. The 52-week trading range was $133.55 to $170.00. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.