TJX Q2 FY27: sales up 5.4% to $15.18 billion, EPS $1.36 on tariff refunds
The headline is strong but flattered: TJX earned $1.36 per share, yet $0.14 of that came from one-time tariff refunds, leaving $1.22 of adjusted EPS, still up 11%. Sales rose 5.4% to $15.18 billion and every division except the largest grew comps 6% to 7%. Read the quarter as a solid underlying business with one big division question mark. View: Bullish.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $1.36 jumped 24% from $1.10, but $0.14 of the increase came from IEEPA tariff refunds and related compensation accruals. Strip that out and adjusted EPS was $1.22, up 11% versus last year. Gross margin of 33.4% flatters the same way: adjusted gross margin was 31.4%, up 0.7 percentage points on higher merchandise margin.
Revenue of $15.18 billion rose 5.4% from $14.401 billion a year ago, with consolidated comparable sales up 4%. The mix is lopsided: HomeGoods, TJX Canada and TJX International each grew comps 6% to 7%, while Marmaxx — at $9.109 billion, roughly 60% of sales — managed only +1%. Currency was a one percentage point drag on reported sales growth and a $0.01 lift to EPS.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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