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TJX Posts a Beat-and-Raise Quarter, Plans to Grow to 7,500 Stores
The off-price retailer behind T.J. Maxx, Marshalls and HomeGoods topped its own guidance and raised its full-year outlook, fueled partly by tariff refunds.
By THRYV Life Desk·Published August 21, 2026·Updated August 21, 2026·4 min read
Fashion · Illustration commissioned for THRYV. Photography is replaced with original imagery as each story is produced.
The takeaway
TJX, parent of T.J. Maxx, Marshalls and HomeGoods, reported $15.2 billion in second-quarter revenue on August 19, up 5% year over year, and raised its full-year profit and sales guidance. The off-price retailer also said it plans to grow its store count from 5,285 to 7,500 locations over the long term.
TJX Companies, the parent of T.J. Maxx, Marshalls and HomeGoods, reported second-quarter fiscal 2027 results on August 19 that beat its own guidance and raised its outlook for the rest of the year, as shoppers kept flocking to its off-price stores even as many traditional retailers reported softer demand.
Sales and profit both beat plan
Revenue rose 5% year over year to $15.2 billion. Consolidated comparable-store sales climbed 4%, ahead of the company's internal plan. Diluted earnings per share came in at $1.36, up 24% from $1.10 a year earlier; excluding a one-time boost from tariff refunds, adjusted EPS was $1.22, up 11%. Pretax profit margin expanded 1.9 percentage points to 13.3%, or 11.9% on an adjusted basis.
Much of the headline profit jump came from $331 million in IEEPA tariff refunds the company received during the quarter, which added a net $219 million to pretax profit after offsetting $112 million in employee compensation accruals. TJX said it expects additional refunds in the third quarter.
HomeGoods and international outperform, Marmaxx lags
Performance varied sharply by division. HomeGoods posted 7% comparable-sales growth and 10% net sales growth in the U.S., while TJX Canada grew comparable sales 6% and TJX International 7%. Marmaxx, the company's largest U.S. banner encompassing T.J. Maxx and Marshalls, grew comparable sales just 1%, underperforming the company's expectations even as net sales rose 3%.
We are very pleased with our above-plan consolidated results, with terrific comp sales increases of 6% to 7% at HomeGoods, TJX Canada, and TJX International.
Ernie Herrman, CEO, The TJX Companies
A bigger store footprint ahead
TJX ended the quarter with 5,285 stores after adding 23 net new locations, and it used the earnings call to raise its long-term global store target to 7,500 — a signal that the off-price model still has room to expand even as some mall-based retailers close stores. The company said store growth will accelerate to a 4% annual pace starting in fiscal 2028.
Raised guidance for the year
TJX lifted its full-year fiscal 2027 guidance across the board: comparable sales growth of 3% to 4%, pretax profit margin of 12.3% to 12.4%, diluted EPS of $5.31 to $5.36, and adjusted EPS of $5.15 to $5.20. The company also returned $1.3 billion to shareholders in the quarter through $798 million in share repurchases and $529 million in dividends, and it expects to return $2.75 billion to $3 billion for the full year.
Why it matters for shoppers
TJX's results suggest the off-price, discount-hunting shopping model is still resonating with budget-conscious consumers, and the company's plan to grow toward 7,500 stores means more Marshalls, T.J. Maxx and HomeGoods locations are likely coming to more neighborhoods in the years ahead.
Sources
This article is original writing by THRYV. We link to primary reporting and official documents rather than reproducing them.
Written and edited in-house by the THRYV Life Desk. We do not republish or reword agency copy, and we do not invent quotes, statistics, testimonials or ratings. Where figures move frequently, we point you to the primary release rather than printing a number that will be out of date. Advertising and affiliate partnerships have no influence on our reporting — see our editorial standards, fact-checking policy and affiliate disclosure. Spotted an error? Write to newsroom@thryv-news.com.
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