TJX Companies, Inc. Reports Q4 and Full Year FY26 Results
The TJX Companies, Inc., a leading off-price apparel and home fashions retailer, has released its financial results for the fourth quarter and full fiscal year ending January 31, 2026. The company reported strong performance across various financial metrics, surpassing its own expectations and achieving significant milestones.
Financial Highlights
For the fourth quarter of Fiscal 2026, TJX reported net sales of $17.7 billion, a 9% increase compared to the same period last year. The company's consolidated comparable sales grew by 5%, and its pretax profit margin rose to 13.5%, up 1.9 percentage points from the previous year. Diluted earnings per share (EPS) for the quarter were $1.58, marking a 28% increase from the prior year.
For the full fiscal year 2026, net sales reached $60.4 billion, a 7% increase year-over-year. The company's full-year consolidated comparable sales also grew by 5%. The pretax profit margin for the year was 12.1%, up 0.6 percentage points from the previous year, and diluted EPS was $4.87, a 14% increase from Fiscal 2025.
Business and Operational Highlights
TJX experienced robust sales performance across all its divisions. Marmaxx (U.S.) saw a 5% increase in comparable sales for Q4 and a 4% increase for the full year. HomeGoods (U.S.) reported a 6% increase in Q4 and a 5% increase for the full year. TJX Canada and TJX International (Europe & Australia) also showed strong performance, with notable increases in both Q4 and full-year comparable sales.
The company returned $4.3 billion to shareholders in FY26 through share repurchases and dividends. It also announced plans to increase its dividend by 13% and to repurchase $2.50 to $2.75 billion of stock in FY27.
Strategic Initiatives and Corporate Developments
During the fourth quarter, TJX entered into a settlement agreement related to credit card interchange fees, resulting in a net benefit of approximately $221 million for the company's pretax profit. This settlement positively impacted the company's SG&A costs and overall profitability.
The company also announced a new stock repurchase program authorized by the Board of Directors, allowing for the repurchase of up to an additional $3.0 billion of TJX common stock.
Management's Perspective
Ernie Herrman, Chief Executive Officer and President of The TJX Companies, Inc., expressed satisfaction with the company's performance, highlighting the achievement of surpassing $60 billion in annual sales. Herrman attributed the success to the collective efforts and sharp execution of the company's teams, emphasizing the strong and consistent sales performance across all divisions.
Future Outlook
For the first quarter of Fiscal 2027, TJX expects consolidated comparable sales to increase by 2% to 3%, with a pretax profit margin in the range of 10.3% to 10.4%. The company projects diluted EPS to be between $0.97 and $0.99. For the full year Fiscal 2027, TJX anticipates consolidated comparable sales growth of 2% to 3%, a pretax profit margin of 11.7% to 11.8%, and diluted EPS in the range of $4.93 to $5.02.
Original SEC Filing: TJX COMPANIES INC /DE/ [ TJX ] - 8-K - Feb. 25, 2026