The The TJX Companies closed out its fiscal year with stronger-than-expected fourth-quarter results, pushing annual revenue past $60 billion for the first time and outlining plans to open 146 net new stores in 2026.
For the quarter ended Jan. 31, the off-price retailer reported net income of $1.8 billion, or $1.58 per share, up 28% from $1.23 per share a year earlier. Adjusted earnings per share rose 16% to $1.43, beating analyst estimates of $1.39.
Net sales increased 9% to $17.7 billion, ahead of expectations, while consolidated comparable sales rose 5%.
Performance was broad-based across banners. Comparable sales climbed 6% at HomeGoods, including HomeSense, and 5% at Marmaxx, which includes TJ Maxx, Marshalls and Sierra. TJX Canada delivered a 7% comp increase, while TJX International, spanning Europe and Australia, posted a 4% gain.
For the full year, net sales rose 7% to $60.4 billion, with consolidated comparable sales up 5%. TJX added 129 net new stores during the year, ending with 5,214 locations globally.
President and CEO Ernie Herrman said the company delivered above-plan sales and profitability in fiscal 2025 and that the first quarter is off to a “strong start,” citing strong merchandise availability.
Looking ahead to fiscal 2027, TJX expects to open 146 net new stores, bringing its total footprint to well over 5,300 locations, and complete more than 540 remodels. Capital expenditures are projected between $2.2 billion and $2.3 billion.
For the first quarter, the company forecast comparable sales growth of 2% to 3%, pretax margins of 10.3% to 10.4%, and diluted earnings per share of $0.97 to $0.99.
For the full year, TJX expects comp growth of 2% to 3% and earnings per share in the range of $4.93 to $5.02, both below analysts’ expectations.
The retailer also expanded its share repurchase authorization by $3 billion and plans to buy back between $2.5 billion and $2.75 billion in stock this fiscal year. TJX raised its quarterly dividend by 13%.
Despite softer guidance, the company enters the year with momentum, supported by its value positioning and continued access to branded merchandise.
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