TJX Companies Inc (NYSE:TJX) reported better-than-expected sales and profits for the first quarter, maintaining its full-year fiscal 2026 guidance despite broader uncertainty amid global tariffs.
The owner of off-price retail stores, including TJ Maxx, Marshalls, HomeGoods and HomeSense, reported net sales up 5% year-over-year at $13.1 billion, ahead of analyst estimates of $13 billion.
Earnings per share (EPS) of $0.92 beat the Street consensus of $0.91 and was ahead of TJX Companies’ guidance.
TJX Companies continues to expect comparable annual sales growth between 2% and 3% and EPS in the range of $4.34 to $4.43 for fiscal 2026.
“The second quarter is off to a strong start, and we are laser-focused on executing all the key fundamentals of our off-price retail model,” TJX Companies CEO Ernie Herrman said in a statement.
TJX Companies’ first quarter was solid, analysts at Jefferies believe, noting comparable sales were up 3%, in line with Street estimates, driven by increased customer transactions.
They see management’s second quarter guidance as “likely conservative.”
TJX guided comparable sales growth of 2% to 3%, compared to the consensus of 2.9%, pre-tax profit margin of 10.4% to 10.5%, compared to the consensus of 11% and EPS in the range of $0.97 to $1, compared to the consensus of $1.03.
“Management noted Q2 and fiscal 2026 guidance assumes that the current level of tariffs remains in place through the remainder of the year, although believes TJX could offset the incremental pressure,” they wrote.
They maintained their ‘Buy’ rating and $155 price target.
Shares traded down 2.9% at about $131 in early trade on Wednesday.