TJX Posts Q1 Comps Growth
Comparable sales rose 3% across all divisions in Q1 FY2026 and EPS for the quarter surpassed guidance at $0.92.
The TJX Companies (NYSE:TJX) reported first-quarter fiscal 2026 results on May 21, 2025, featuring a consolidated 3% comparable sales increase, a pretax profit margin of 10.3%, and diluted EPS of $0.92. Management maintained full-year FY2026 guidance for sales and earnings growth, assuming that "the current level of tariffs on imports into the U.S. from China and other countries as of May 21, 2025 will stay in place for the remainder of the year. The Company’s full year Fiscal 2026 guidance assumes that it can offset the significant incremental pressure it has experienced and continues to expect from tariffs."
Key insights below focus on inventory agility, margin levers amidst tariffs and inflation, and strategic demographic positioning.
Inventory levels increased 15% on a balance sheet basis and 7% per store year-over-year, indicating that TJX is opportunistically buying amid industry supply chain uncertainty and merchandise volatility. The transcript highlights how management flexibly reallocates assortment between categories and regions depending on real-time vendor dynamics and competitive supply pressures.
