Here's What to Expect From TJX Companies' Next Earnings Report
The apparel giant is expected to announce its second-quarter results on Wednesday, Aug. 20. Ahead of the event, TJX is expected to report a non-GAAP profit of $1.01 per share, up 5.2% from $0.96 per share reported in the year-ago quarter. On a more positive note, the company has surpassed the Street's bottom-line estimates in each of the past four quarters.
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For the full fiscal 2026, analysts expect TJX's EPS to come in at $4.47, up 4.9% from $4.26 reported in fiscal 2025. In fiscal 2027, its earnings are expected to further surge 10.1% year-over-year to $4.92 per share.
TJX stock prices have gained 11.4% over the past 52 weeks, lagging behind the S&P 500 Index's ($SPX) 14.5% surge and the Consumer Discretionary Select Sector SPDR Fund's (XLY) 19.9% returns over the same time frame.
Despite beating Street expectations, TJX Companies' stock prices dropped 2.9% in the trading session following the release of its Q1 results on May 21. Driven by an increase in customer transactions, the company's comparable sales increased 3% year-over-year. This led to a 5.1% growth in net sales to $13.1 billion, beating expectations. Further, its EPS of $0.92 surpassed the consensus estimates by 2.2%.
However, due to higher SG&A expenses and cost of sales, TJX's margins suffered during the quarter. Further, operating cash flows dropped 46.5% year-over-year to $394 million, due to increased inventory levels. At the end of Q1, its merchandise inventory stood at $7.1 billion, up from $6.2 billion in the year-ago quarter. While this might be a result of TJX trying to beat tariffs, increasing inventory in apparel may lead to inventory becoming obsolete.
Nonetheless, the consensus view on TJX remains extremely optimistic, with a 'Strong Buy' rating overall. Of the 21 analysts covering the stock, 18 recommend 'Strong Buy,' one suggests 'Moderate Buy,' and two advise a 'Hold' rating. Its mean price target of $144.18 represents a 14.1% premium to current price levels.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
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