TJX Companies, Inc. (NYSE: TJX), an off-price apparel and home fashion retailer, reported a modest decrease in net income for the first quarter of 2026, despite an increase in sales.
- Consolidated comparable sales rose 3% year-over-year in the first quarter, driven by an increase in customer transactions
- Net sales increased to $13.1 billion in the April quarter from $12.48 in the comparable quarter of 2025
- Net income was $1.03 billion or $0.92 per share in Q1, vs. $1.07 billion or $0.93 per share a year earlier
- Q1 pretax profit margin was 10.3%, below last year’s first-quarter pretax profit margin of 11.1%
- Gross profit margin dropped by 0.5 percentage points YoY to 29.5%, mainly due to negative mark-to-market adjustments on inventory hedges
- Total inventories as of May 3, 2025, were $7.1 billion, compared to $6.2 billion in the prior-year period
- During the quarter, the company returned $1.0 billion to shareholders through share repurchases and dividends
- For the second quarter of FY26, the management expects consolidated comparable sales to be up 2% to 3%
- It targets second-quarter pretax profit margin of 10.4-10.5% and expects earnings per share in the range of $.97 to $1.00
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
