TJX reported net sales of $17.74bn over the three months to 31 January, up 9% year-on-year, with comparable sales rising 5%.
Net income in Q4 improved to $1.77bn from $1.40bn the year before, whilst adjusted diluted earnings per share were $1.43, up 16% versus last year and well above the company’s plan.
Gross profit margin for the quarter was 30.9%, up 0.4 percentage points versus last year’s 30.5%.
However, net interest income negatively impacted Q4’s pretax profit margin by 0.1 percentage point versus the prior year.
TJX experienced a robust sales performance across all its divisions in Q4. Marmaxx, which houses the TJ Maxx and Marshall brands in the US, reported a 7% increase in sales to $10.66bn.
HomeGoods saw an 8% increase to $3.09bn, while double-digit growth was registered in the smaller divisions of TJX Canada, seeing a 11% jump to $1.61bn and TJX International a 15% jump to $2.38bn.
Ernie Herrman, CEO and president of The TJX Companies, Inc., said: "We had an excellent fourth quarter, with sales, profitability, and earnings per share all well above our plan. Throughout the year, we stayed focused on our off-price fundamentals to bring customers great values, brands, and fashions as well as an exciting treasure-hunt shopping experience every day."
For the full fiscal year, net sales totalled $60.37bn, up 7% versus last year and 5% on a comparable basis, topping $60bn for the first time in a "major milestone for the company", according to Herrman.
Gross profit margin for fiscal 2026 was 31.0%, up 0.4 percentage points versus last year’s 30.6%.
Looking ahead
For the first quarter of fiscal 2027, TJX predicts comparable sales to be up 2% to 3%, pretax profit margin to be in the range of 10.3% to 10.4%, and diluted earnings per share to be in the range of $0.97 to $0.99.
For the full year fiscal 2027, the company is planning consolidated comparable sales to be up 2% to 3%, pretax profit margin to be in the range of 11.7% to 11.8%, and diluted earnings per share to be in the range of $4.93 to $5.02.
As we begin 2026, the first quarter is off to a strong start and the availability of quality merchandise continues to be outstanding,” said Herrman. “Long term, we are excited about the opportunities we see to keep growing our business and capture additional market share around the world for many years to come.”
Store expansion guidance for 2027 includes five inaugural Spanish stores and 24 new Sierra locations, reflecting intensified focus on portfolio diversity and global reach.
