TJX Corporations, Inc. (NYSE: TJX), an off-price attire and residential vogue retailer, reported a modest lower in internet earnings for the primary quarter of 2026, regardless of a rise in gross sales.
- Consolidated comparable gross sales rose 3% year-over-year within the first quarter, pushed by a rise in buyer transactions
- Web gross sales elevated to $13.1 billion within the April quarter from $12.48 within the comparable quarter of 2025
- Web earnings was $1.03 billion or $0.92 per share in Q1, vs. $1.07 billion or $0.93 per share a 12 months earlier
- Q1 pretax revenue margin was 10.3%, beneath final 12 months’s first-quarter pretax revenue margin of 11.1%
- Gross revenue margin dropped by 0.5 share factors YoY to 29.5%, primarily as a consequence of damaging mark-to-market changes on stock hedges
- Whole inventories as of Could 3, 2025, had been $7.1 billion, in comparison with $6.2 billion within the prior-year interval
- Through the quarter, the corporate returned $1.0 billion to shareholders by way of share repurchases and dividends
- For the second quarter of FY26, the administration expects consolidated comparable gross sales to be up 2% to three%
- It targets second-quarter pretax revenue margin of 10.4-10.5% and expects earnings per share within the vary of $.97 to $1.00
