TJX Companies, the parent of off-price retailers TJ Maxx, Marshalls, and HomeGoods, has raised its fiscal 2026 earnings outlook after delivering stronger-than-expected second-quarter results, according to Chain Store Age.
For the quarter ended August 2, 2025, net income rose 15% to $1.1 billion, compared with $950 million a year earlier. Earnings per share climbed to $1.10, ahead of analysts’ forecasts of $1.01.
Quarterly sales reached $14.4 billion, up 7% from $13.5 billion last year, also beating Wall Street’s $14.13 billion projection.
CEO Ernie Herrman said customer demand remained healthy across both U.S. and international divisions, with customer transactions up at every business. While tariffs weighed on results, the impact was “smaller than feared.”
“I am extremely pleased with our second quarter performance,” Herrman said. “Consumers were drawn to our excellent values and brands. Longer term, we are convinced that we have a long runway ahead to capture additional market share and continue our successful growth around the world.”
Known for its “big labels, small prices” value proposition, TJX credited sourcing efficiencies and cost discipline for supporting resilience amid ongoing economic pressures.
With momentum building, the company said it now expects stronger comparable sales growth, pretax profit margins, and diluted earnings per share in fiscal 2026.
