Off-price retailer TJX boosts full-year EPS outlook after first-quarter sales and profit exceed analyst estimates on strong traffic.
TJX Companies reported first-quarter net sales of $14.3 billion, up 9% year over year and above the $14 billion consensus. Diluted earnings per share rose 29% to $1.19, surpassing the $1.02 estimate, driven by a 6% increase in comparable store sales and higher customer traffic across all banners.
The company cited a favorable buying environment and lower freight costs as key contributors to margin expansion. HomeGoods led with a 9% comparable sales gain, while Marmaxx and TJX Canada posted 6% and 7% growth, respectively. TJX ended the quarter with $5.6 billion in cash and returned $1.1 billion to shareholders.
TJX raised its fiscal 2027 diluted EPS guidance to $5.08-$5.15 from $4.93-$5.02 and lifted its comparable sales growth outlook to 3%-4% from 2%-3%.