The TJX Companies, Inc. has reported its financial results for the second quarter of fiscal 2026, showing strong performance across various metrics.
In the second quarter of fiscal 2026, the company's net sales were $14.4 billion, representing a 7% increase over the second quarter of fiscal 2025. The consolidated comparable sales for the same period increased by 4%. Additionally, the company's net income for the second quarter of fiscal 2026 was $1.2 billion, and diluted earnings per share were reported at $1.10, marking a 15% increase over the second quarter of fiscal 2025.
For the first half of fiscal 2026, net sales reached $27.5 billion, up 6% from the first half of fiscal 2025. The consolidated comparable sales for the first half of fiscal 2026 also saw a 4% increase. The net income for the first half of fiscal 2026 amounted to $2.3 billion, with diluted earnings per share at $2.02, reflecting a 7% increase over the first half of fiscal 2025.
The company's CEO, Ernie Herrman, expressed satisfaction with the second-quarter performance, highlighting that sales, pretax profit margin, and earnings per share exceeded the company's plan. Furthermore, the company returned $1.0 billion to shareholders in the second quarter through share repurchases and dividends.
In terms of divisional performance, comparable sales for TJX's Marmaxx (U.S.), HomeGoods (U.S.), TJX Canada, and TJX International (Europe & Australia) all showed growth in the second quarter of fiscal 2026 compared to the same period in fiscal 2025.
The company's pretax profit margin for the second quarter of fiscal 2026 stood at 11.4%, surpassing the company's plan and showing an increase of 0.5 percentage points compared to the second quarter of fiscal 2025. The gross profit margin for the same period increased to 30.7%, up 0.3 percentage points versus the second quarter of fiscal 2025.
TJX's inventory as of August 2, 2025, was $7.4 billion, up from $6.5 billion at the end of the second quarter of fiscal 2025. The company's operating cash flow for the second quarter of fiscal 2026 reached $1.8 billion, with a closing cash balance of $4.6 billion.
Looking ahead, the company has raised its full-year guidance for both pretax profit margin and earnings per share. It now expects consolidated comparable sales to increase by 3% for the full year fiscal 2026 and has raised its diluted earnings per share outlook to be in the range of $4.52 to $4.57, representing a 6% to 7% increase over the prior year.
The company's strong performance and optimistic outlook reflect its ability to attract customers, deliver value, and execute successful growth strategies. The market has reacted to these announcements by moving the company's shares 3.2% to a price of $138.93. For the full picture, make sure to review TJX COMPANIES INC /DE/'s 8-K report.
