The TJX Companies, Inc. (TJX) Earnings Call Transcripts

The TJX Companies, Inc.'s Latest Earnings Call - Q2 FY2027

In the second quarter of fiscal 2027, The TJX Companies, Inc. reported consolidated sales of $15.3 billion, reflecting a 5% increase year-over-year, while adjusted diluted earnings per share rose to $1.22, an 11% increase from the previous year. Management raised its full-year guidance for adjusted pretax profit margin to a range of 12% to 12.1%, up 30 to 40 basis points year-over-year. Despite challenges at the Marmaxx division, which saw only a 1% increase in comp sales, the overall performance was bolstered by strong results in other divisions, particularly HomeGoods, which achieved a 7% comp sales increase.

Reported metrics

Guidance from management

Management raised full-year adjusted diluted EPS guidance to $5.15 to $5.20 and expects overall comp sales growth of 3% to 4%. They also anticipate adjusted pretax profit margin to be in the range of 12% to 12.1%.

What management said

Yes. So we're -- to John's point, Matt, we're seeing that additional 1% store growth across the board also. That's not just a 1 division or 2 division driving that. Yes. The other thing, I think the teams have done a good job is getting more flexible in our approach to the smaller formats, what John is talking about is our teams, whether it's planning and allocation that shift the goods to the stores and our real est...

Right. And then just to I know you asked this and I didn't answer it. The performance of our new stores for a long, long time, we've been exceeding our expectations on our new store openings for quite a while. And so we see no concerns there either.

What analysts pressed on

Analysts expressed concerns regarding the underperformance of the Marmaxx division and its ability to return to a normal comp cadence. There were also questions about the impact of execution issues on future sales and how management plans to address these challenges in the upcoming quarters.

Main topics on the call

• Revenue Growth — TJX reported consolidated sales of $15.3 billion for Q2, a 5% increase year-over-year, driven by a higher average basket and increased customer transactions. Management noted, 'Our second quarter comp performance highlig...
• Marmaxx Performance Issues — The Marmaxx division experienced a disappointing 1% comp sales increase, attributed to execution issues in merchandise mix. CEO Ernie Herrman stated, 'We believe we could have executed our store mix better.'
• HomeGoods Success — HomeGoods achieved a robust 7% comp sales increase, driven by higher average basket sizes and customer transactions. Herrman emphasized, 'We are the largest off-price home fashion retailer in the U.S.'
• Guidance Update — Management raised its full-year adjusted diluted EPS guidance to a range of $5.15 to $5.20, reflecting a 9% to 10% increase year-over-year. They expect overall comp sales growth of 3% to 4% for the full year.

Read the full The TJX Companies, Inc. transcript (Q2 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 The TJX Companies, Inc. earnings call transcripts on record, spanning February 26, 2020 to August 19, 2026. Based on this history, The TJX Companies, Inc. reports quarterly. The most recent call on file is dated August 19, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TJX

Exchange

NYSE

Country

US

Sector

Consumer Discretionary

Industry

Specialty Retail

Calls on record

27

First call

February 26, 2020

Most recent

August 19, 2026

Reporting cadence

quarterly