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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
TJX Companies
TJX Companies (TJX) investor relations material
TJX Companies Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2027 earnings summary19 Aug, 2026
Executive summary
Net sales rose 5% year-over-year to $15.2 billion for Q2 FY27, with consolidated comparable sales up 4%, exceeding plan.
Diluted EPS increased to $1.36, up 24% year-over-year; adjusted EPS was $1.22, up 11%.
Pre-tax profit margin improved to 13.3% from 11.4% year-over-year; adjusted pre-tax margin was 11.9%, up 0.5 points.
Strong performance in HomeGoods, TJX Canada, and TJX International, each posting 6–7% comp sales growth; Marmaxx lagged with 1% comp increase.
$1.3 billion was returned to shareholders via buybacks and dividends in Q2.
Financial highlights
Net income for Q2 was $1.52 billion, up from $1.24 billion year-over-year; first half net income was $2.85 billion.
Gross profit margin reached 33.4%, up 2.7 points; adjusted gross margin was 31.4%, up 0.7 points.
SG&A expense ratio was 20.3%, up from 19.5% year-over-year; adjusted SG&A was 19.7%, up 0.2 points.
Operating cash flow for Q2 was $2.2 billion; cash and cash equivalents at quarter-end were $6.0 billion.
Inventory increased 7% overall and 2% per store; capital expenditures for the first half totaled $1.16 billion.
Outlook and guidance
Q3 comp sales expected to rise 2–3%; consolidated sales projected at $15.6–$15.8 billion.
Q3 pre-tax profit margin forecast at 12.8–12.9% (adjusted: 12.3–12.4%); adjusted EPS expected at $1.30–$1.32.
Full-year comp sales growth expected at 3–4%; consolidated sales $63.4–$63.8 billion.
Full-year pre-tax profit margin raised to 12.3–12.4% (adjusted: 12.0–12.1%); adjusted EPS raised to $5.15–$5.20.
Store growth target increased to 7,500 globally, with annual growth accelerating to 4% starting next year.
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Latest events from TJX Companies
- Global off-price retail leader with 5,200+ stores, strong growth, and a flexible, value-driven model.TJX
Company presentation - Net sales up 9%, comp sales up 6%, and EPS up 29%, driving raised full-year guidance.TJXQ1 2027
- Record sales, strong shareholder returns, and robust governance highlight this year's proxy.TJXProxy filing
- Key votes include board elections, auditor ratification, and executive pay approval for 2026.TJXProxy filing
- Record sales and profit growth, with robust outlook and increased shareholder returns.TJXQ4 2026
- Q3 FY26 delivered 7% sales growth, 12% EPS growth, and raised full-year guidance.TJXQ3 2026
- Q3 net sales up 6% to $14.1B, EPS $1.14, with raised guidance and global expansion.TJXQ3 2025
- Q2 sales up 6%, comp sales up 4%, EPS up 13%, and FY2025 guidance raised.TJXQ2 2025
- Sales, profitability, and EPS surpassed expectations, with strong growth and expansion plans.TJXQ4 2025
Next TJX Companies earnings date
Q3 202718 Nov, 2026
TJX Companies
Next TJX Companies earnings date
Q3 202718 Nov, 2026
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Frequently asked questions
American Off-Price Retailer
TJX Companies is an American retail operator with various well-known retail chains including T.J. Maxx, Marshalls, HomeGoods, and Homesense, alongside several e-commerce sites. Their retail footprint spans over 4,800 stores primarily across North America, but with retail locations active in Australia and select European companies. TJX operates on an off-price business model, typically offering products at a lower price than what The company is headquartered in Framingham, Massachusetts, and its shares are listed on the New York Stock Exchange.
From Zayre to TJX Companies
What would eventually become the company we know today was founded as Zayre by the Feldberg family. The original Zayre store, also operating with discounted prices compared to competitors, opened its doors in Hyannis, Massachusetts in 1956. The company eventually grew to cover much of the eastern United States and in 1976 the leadership of Zayre opened its first T.J. Maxx store. The company eventually decided to divest the Zayre brand, focusing fully on T.J. Maxx, starting several new chain stores as well as making acquisitions in the industry.
The Various Retail Chains
TJX operates several retail chains, each with its own focus but all operating with an off-price model.
T.J. Maxx and Marshalls (Marmaxx Group) in the U.S.: These stores are similar in concept, offering a wide range of fashion, home goods, and accessories at discounted prices. They are designed to appeal to consumers looking for brand names and designer goods without the corresponding high price tags.
HomeGoods: This chain offers a variety of high-quality home fashions at low prices, including furniture, rugs, lighting, decorative accessories, and kitchen and dining ware.
T.K. Maxx: Similar to T.J. Maxx but located in Europe and Australia, offering a comparable assortment of apparel and home products.
HomeSense: Operating in Canada and Europe, HomeSense provides similar merchandise to HomeGoods but tailored to the local markets.
Competition and Market Position
As previously mentioned, all of the company’s stores operate on an off-price model and are more often than not built after the classic big-box retailing blueprint. TJX also operates an online store and competes with the likes of Walmart and Target, but also with more similar companies such as Ross Stores.