economy
February 25, 2026
We're boosting our price target on retail stock TJX after another knockout quarter
The off-price retailer's annual sales topped $60 billion for the first time.
TL;DR
- TJX Companies reported revenue of $17.7 billion, an 8.5% year-over-year increase, beating the consensus estimate.
- Earnings per share (EPS) reached $1.58, surpassing the expected $1.23.
- Same-store sales increased by 5%, exceeding the analyst estimate of 3.7%.
- The company's annual sales exceeded $60 billion for the first time.
- All four operating segments (Marmaxx, HomeGoods, TJX Canada, and TJX International) posted better-than-expected results for the fourth consecutive quarter.
- The company's guidance for the current quarter and full year was below analyst estimates, a common practice for TJX which often underpromises and overdelivers.
- TJX's value-driven business model and "treasure hunt" shopping experience are well-suited to the current economic climate.
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