TJX lifts profit outlook and targets 7,500 stores

On 16 September 2026, The TJX Companies raised its fiscal 2027 profit guidance after beating second-quarter expectations. Adjusted earnings per share rose 11% year over year to $1.22, topping the Zacks Consensus Estimate of $1.18. Net sales increased 5% to $15.18 billion, and consolidated comparable sales gained 4%, driven by customer transaction growth and a higher average basket.

Profitability improved during the quarter. Adjusted gross margin expanded 70 basis points to 31.4% on higher merchandise margins, while adjusted pretax profit margin rose 50 basis points to 11.9%. By banner, HomeGoods comparable sales increased 7%, TJX International rose 7%, and TJX Canada gained 6%, offsetting slower 1% comparable growth at Marmaxx, where management noted merchandise-mix issues began to improve early in the third quarter.

For the full fiscal 2027 year, TJX lifted its adjusted earnings guidance to $5.15 to $5.20 per share, up from $5.08 to $5.15, and raised its adjusted pretax profit margin forecast to 12% to 12.1%. The company maintained its expectations for consolidated comparable sales growth of 3% to 4% and net sales of $63.4 billion to $63.8 billion, representing a 5% to 6% year-over-year rise. For the third quarter, management projects adjusted earnings of $1.30 to $1.32 per share and comparable sales growth of 2% to 3%.

The retailer closed the quarter with 5,285 locations and raised its long-term global store target by 500 units to 7,500, implying more than 2,200 future openings. The company also announced plans to accelerate annual store growth to 4% starting in fiscal 2028.