Particle.news
Download on the App Store
3 ARTICLES
·
2d ago

TJX Companies Reports Strong Q1 Growth and Expands Global Store Footprint

The off-price retail giant posted better-than-expected sales, opened 36 new stores, and returned $1 billion to shareholders, reaffirming its fiscal 2026 outlook despite tariff challenges.

Off-price retailers like T.J. Maxx parent TJX may have a leg up on other department stores, analysts say.
Image
TJX reported strong Q1 earnings, driven by brands like Marshalls, HomeGoods, and TJ Maxx.

Overview

  • TJX Companies reported $13.11 billion in net sales for Q1 fiscal 2026, a 5% increase year-over-year and above the $13.01 billion estimate.
  • Comparable sales rose 3% in the quarter, driven by increased customer transactions rather than higher prices.
  • The company opened 36 new stores across its banners, bringing its global total to 5,121 locations, including expansions in the U.S. and Europe.
  • TJX returned $1 billion to shareholders through stock buybacks and dividends during the quarter, maintaining its commitment to shareholder value.
  • CEO Ernie Herrman expressed confidence in navigating tariff pressures, supported by TJX's sourcing strategy and robust inventory from a 21,000-vendor network.