TJX Companies (TJX) Q4 2026 earnings summary

Executive summary

• Q4 and full-year results exceeded expectations, with comp sales up 5% across all divisions and strong profitability growth.

• Annual net sales surpassed $60 billion for the first time, with double-digit EPS growth and all divisions posting at least 4% comp sales growth.

• Q4 diluted EPS rose 28% year-over-year to $1.58; adjusted EPS up 16% to $1.43.

• Strong execution, merchandise mix, and new customer acquisition drove consistent global performance.

• The company remains confident in its value proposition and sees significant long-term growth opportunities.

Financial highlights

• Q4 net sales reached $17.7 billion, up 9% year-over-year; full-year net sales were $60.4 billion, up 7%.

• Q4 adjusted pre-tax profit margin was 12.2% (+60 bps); Q4 gross margin was 30.9%, adjusted gross margin 31.1% (+60 bps).

• Q4 net income was $1.8 billion; full-year net income was $5.5 billion.

• Full-year adjusted diluted EPS was $4.73, up 11% year-over-year.

• Q4 adjusted SG&A was 19.1% (10 bps favorable); full-year adjusted SG&A was 19.5% (10 bps unfavorable).

Outlook and guidance

• Fiscal 2027 guidance: comparable sales up 2%-3%, consolidated sales projected at $62.7-$63.3 billion (+4%-5%), pre-tax profit margin 11.7%-11.8%, gross margin 31.1%-31.2%, and EPS $4.93-$5.02 (+4%-6%).

• Q1 FY27 guidance: sales expected at $13.8-$13.9 billion (+5%-6%), comp sales up 2%-3%, pre-tax profit margin 10.3%-10.4%, and EPS of $0.97-$0.99 (+5%-8%).

• Capital expenditures planned at $2.2-$2.3 billion, with 146 net new stores and 540 remodels.