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Goldman Sachs

May 24, 2026

TJX F1Q27 Earnings Review

Single Stock ReportEquitiesConsumer Discretionary

TJX reported strong F1Q results with a 6% comp growth and raised its FY27 guidance, reflecting robust execution and continued market share gains.

Key Takeaways

  • 1.TJX delivered robust F1Q27 results with 6% comparable store sales growth, exceeding consensus expectations.
  • 2.Management raised FY27 guidance for both EPS and comparable store sales following strong momentum and positive start to 2Q.
  • 3.The company is successfully capturing a younger customer demographic and seeing no material change in consumer behavior across divisions.

Table of Contents

  • What happened
  • Outlook
  • Valuation and key risks
  • Disclosure Appendix
  • GS Factor Profile
  • M&A Rank
  • Quantum
  • Disclosures
  • Price target and rating history chart(s)
  • Target price history table(s)
  • Regulatory disclosures
  • Ratings, coverage universe and related definitions
  • Global product; distributing entities
  • General disclosures

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Authors

Brooke Roach, CFAMentesnot Adamu

Securities

TJX

Themes

Off-price Retail ResilienceDemographic Expansion

Regions

North AmericaEuropeLatin AmericaUnited StatesCanadaSpain