TJX Q2 2027 earnings: profit tops estimates, guidance raised despite Marmaxx softness

August 19, 2026

TJX beat profit estimates and grew comparable sales 4% in fiscal Q2 2027, and raised its full-year profit and EPS guidance despite softness at its largest chain, Marmaxx.

Key takeaways

• TJX’s adjusted profit per share came in above what Wall Street analysts had penciled in, and grew 11% from a year earlier; total sales grew 5% year-over-year to $15.2 billion, landing just under analysts’ revenue estimate. Shoppers kept visiting and spending more: comparable-store sales (sales at stores open at least a year) rose 4%, ahead of the company’s own plan.
• Profitability improved from a year ago. Over the trailing twelve months, TJX kept about 31 cents of gross profit and roughly 12 cents of operating profit on every sales dollar — figures that point to fuller-price selling, tight inventory control and disciplined expenses, hallmarks of the ‘off-price’ discount model that has kept TJX resilient even as some traditional retailers struggle.
• Results were uneven across the business. Marmaxx, the division that runs T.J. Maxx and Marshalls and is TJX’s largest, saw comparable sales grow just 1% because of self-inflicted merchandise-mix missteps that management said it expects to fix by the holiday shopping season. HomeGoods, TJX Canada and TJX International all posted much stronger comparable-sales growth of 6% to 7%, which executives pointed to as evidence the company’s global mix of chains cushions weakness in any single business.
• Because the quarter beat its own internal targets, TJX raised its full-year profit outlook: it now expects an adjusted pretax profit margin of 12% to 12.1% and adjusted full-year earnings per share of $5.15 to $5.20, both up from prior guidance. Full-year comparable-sales growth guidance was kept at 3% to 4%.
• For the current (third) quarter, management guided to comparable-sales growth of 2% to 3%, a more modest pace than the second quarter’s 4% gain.
• TJX also raised its long-term store-count target to about 7,500 locations and said it plans to accelerate the pace of new store openings to 4% annual growth starting in fiscal 2028, signaling continued confidence in physical retail expansion even as many chains pull back.
• The company declared a quarterly dividend of $0.48 per share, payable September 3, 2026, continuing its practice of returning cash to shareholders alongside share buybacks.
• Over the trailing twelve months, TJX generated a return on equity of about 60% — a very high figure reflecting the company’s asset-light, high-inventory-turnover business model plus its history of returning cash to shareholders through buybacks, which shrinks the equity base the return is measured against.

Q2 2027 in context

Figures for the quarter ended Aug 2026 and the quarter ended Aug 2025, as reported to the SEC.

How the stock took it

TJX Companies Inc closed at $150.85 on Aug 18, 2026, the last session before the report, and at $140.69 on Aug 20, 2026, the first session after it — -6.7% across the report.

Closes from the market's daily record. Each figure spans the report date — from the last session that closed before it to the first that closed after — because a company may report before the open or after the close.

Fundamentals

Financial history →

Sources: company report · earnings call