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Financial, Retail

The TJX Companies Reports Q1 FY26 Results

The TJX Companies reports first quarter fiscal year 2026 results; comp sales growth of 3 percent and pretax profit margin of 10.3 percent.

5/21/2025
FRAMINGHAM, Mass. -- The TJX Companies, Inc. (NYSE: TJX), the leading off-price apparel and home fashions retailer in the U.S. and worldwide, announced sales and operating results for the first quarter ended May 3, 2025. Net sales for the first quarter of Fiscal 2026 were $13.1 billion, an increase of 5% versus the first quarter of Fiscal 2025. First quarter Fiscal 2026 consolidated comparable sales increased 3%. Net income for the first quarter of Fiscal 2026 was $1.0 billion and diluted earnings per share were $.92 versus $.93 in the first quarter of Fiscal 2025.

Ernie Herrman, Chief Executive Officer and President of The TJX Companies, Inc., stated, “I am very pleased with our first quarter performance. Overall comp sales increased 3%, at the high end of our plan, and both profitability and earnings per share were above our expectations. Our teams across the Company delivered consumers exciting values on great brands and fashions and a treasure-hunt shopping experience, every day. All divisions, both in the U.S. and internationally, drove increases in comp sales and customer transactions, which underscores the strength of our value proposition. This also gives us confidence in our ability to gain market share across all of our geographies. The second quarter is off to a strong start and we are laser focused on executing all the key fundamentals of our off-price retail model. I am convinced that our broad assortments of great brands and fashions, at compelling prices, will continue to be a tremendous draw for shoppers seeking value. Further, I am confident that the strength, flexibility, and resiliency of our off-price business model will serve us well in today’s macro environment, as it has throughout our long, successful history. I am as confident as ever that we will bring our value proposition to even more customers around the world and keep growing our sales and profitability over the long term.”

Q1FY2026 HIGHLIGHTS:

•  Q1 consolidated comparable sales increased 3%, at the high end of the Company’s plan, driven by an increase in customer transactions
•  Q1 pretax profit margin of 10.3%, above the Company’s plan
•  Q1 diluted earnings per share of $.92, above the Company’s plan
•  Returned $1.0 billion to shareholders in Q1 through share repurchases and dividends
•  Maintains full year FY26 comp sales growth, pretax profit margin, and diluted earnings per share guidance

See the full report here.
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