TJX (TJ Maxx) – Latest Quarter Results Q2 FY2026
TJX Companies, the parent of T.J. Maxx, Marshalls, and HomeGoods, reported strong Q2 FY2026 results on August 20, 2025, with earnings per share of $1.10, up nearly 15% year-over-year and above Wall Street expectations. Revenue rose 6.9% to $14.4 billion, driven by a solid 4% increase in comparable sales across its global portfolio. Profitability also improved, with pretax profit margin expanding to 11.4% from 10.9% a year earlier, helping net income grow to about $1.2 billion. The company highlighted higher inventory levels of $7.4 billion, positioning it well to take advantage of consumer demand for value-oriented shopping. On the back of this performance, TJX raised its full-year EPS guidance to $4.52–$4.57 (from $4.34–$4.43) and now expects comparable sales growth of around 3%. For the upcoming third quarter, management guided to EPS of $1.17–$1.19 with comp sales growth of 2–3%. CEO Ernie Herrman said the strong quarter reflects the company’s ability to deliver value to shoppers while gaining market share in the off-price retail segment.
Results declared: August 20, 2025 (for the quarter ended August 2, 2025).
Quick Take
- Net sales: $14.4B, up 6.9% YoY.
- Comparable sales: +4% (vs +4% last year).
- Diluted EPS: $1.10, up 14.6% YoY.
- Pretax profit margin: 11.4% (vs 10.9% last year).
- Net income: $1.243B (vs $1.099B last year), ~13% YoY.
- FY26 outlook raised: EPS now $4.52–$4.57, comps ~+3%; pretax margin 11.4%–11.5%.
Year-over-Year Comparison (Q2 FY26 vs Q2 FY25)
| Metric | Q2 FY26 (ended Aug 2, 2025) | Q2 FY25 (ended Aug 3, 2024) | YoY Change |
|---|---|---|---|
| Net sales | $14,401M | $13,468M | +6.9% |
| Comparable sales (consolidated) | +4% | +4% | Flat |
| Diluted EPS | $1.10 | $0.96 | +14.6% |
| Pretax profit margin | 11.4% | 10.9% | +0.5 pp |
| Gross margin | 30.7% | 30.4% | +0.3 pp |
| SG&A (% of sales) | 19.5% | 19.8% | –0.3 pp |
| Net income | $1,243M | $1,099M | +13.1% |
Divisional comps snapshot (Q2 FY26 vs Q2 FY25)
- Marmaxx (U.S.): +3% vs +5%
- HomeGoods (U.S.): +5% vs +2%
- TJX Canada: +9% vs +2%
- TJX International: +5% vs +1%
Guidance (updated)
- FY26 EPS: $4.52–$4.57 (raised)
- FY26 consolidated comps: ~+3%
- FY26 pretax margin: 11.4%–11.5%
Disclaimer: This post is for informational purposes only and does not constitute investment advice.
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