Key Points – TJX exceeded its second-quarter plan, with comparable sales up 4%, adjusted EPS rising 11% to $1.22, and adjusted pre-tax margin expanding to 11.9%.
HomeGoods, TJX Canada and TJX International each posted 6%–7% comparable-sales growth, offsetting slower performance at Marmaxx. – Management attributed Marmaxx’s weaker 1% comparable-sales growth to internal merchandise-mix and execution issues, not competition or pricing
TJX has implemented new planning processes and expects the division to move back toward 2%–3% comparable growth by the fourth quarter. – TJX raised its full-year outlook for adjusted pre-tax margin to 12.0%–12.1% and adjusted EPS to $5.15–$5.20, while planning to accelerate annual store growth to 4% and expand its long-term store potential to 7,500 locations. – Burlington Is Winning Over Shoppers But Investors Need Patience TJX Companies (NYSE:TJX) reported second-quarter fiscal 2027 results that exceeded its internal plan, supported by strong comparable-store sales at HomeGoods, TJX Canada and TJX International. The off-price retailer raised its full-year outlook for adjusted pre-tax profit margin and adjusted earnings per share, although its Marmaxx division posted a more modest sales gain after what management described as self-inflicted merchandising execution issues. Consolidated comparable sales rose 4% in the quarter, above the company’s plan.
Adjusted diluted earnings per share increased 11% from a year earlier to $1.22, while adjusted pre-tax profit margin expanded 50 basis points to 11.9%. – 3 Inflation-Fighting Stocks Built for Higher Oil Prices Chief Financial Officer John Klinger said the company’s adjusted results exclude tariff refunds received through the end of the second quarter and related incremental compensation expense accruals. The adjusted profit performance exceeded plan primarily because of operational expense efficiencies, higher merchandise margin and expense leverage from stronger sales, partly offset by…