TJX Q2 earnings beat expectations with strong margins

TJX Q2 earnings beat expectations with strong margins

Wed, August 19, 2026 at 4:44 PM GMT+3 1 min read

• TJX -2.64%

TJX Companies Inc (NYSE:TJX) reported second-quarter profit and revenue above Wall Street estimates on Wednesday, as the off-price retailer's discount model continued to draw shoppers, though shares fell 1.3% at the open.

The parent of TJ Maxx, Marshalls and HomeGoods posted adjusted earnings of $1.22 per share, topping analyst estimates of $1.19 and up 11% from a year earlier.

Revenue rose 5% to $15.2 billion, ahead of the $15.16 billion analysts had expected.

Comparable sales climbed 4% in the quarter, while adjusted pretax margin expanded 0.5 percentage points to 11.9%.

Net income came in at $1.5 billion, well above the $1.32 billion estimate. Operating cash flow totaled $2.2 billion, and merchandise inventories stood at $7.9 billion.

By segment, Marmaxx generated $9.1 billion in net revenue, up 3% from a year ago. HomeGoods revenue grew 10% to $2.5 billion. TJX Canada revenue rose 6% to $1.5 billion, while TJX International revenue increased 11% to $2.1 billion.

For the third quarter, TJX guided to earnings per share of $1.36 to $1.38, above the $1.35 estimate, with adjusted EPS of $1.30 to $1.32. The company forecast comparable sales growth of 2% to 3% and adjusted pretax margin of 12.3% to 12.4%.

For the full fiscal year, TJX raised its outlook to adjusted earnings of $5.15 to $5.20 per share, with comparable sales growth of 3% to 4% and adjusted pretax margin of 12% to 12.1%.