TJX Q1 FY27: Sales +9%, EPS +29% to $1.19, pre-tax margin +170bp; $490M tariff refund pending

Filed May 29, 2026 · Period ending May 2, 2026 · Compared to 10-Q May 30, 2025 · ~2 min read

Key Changes

• high

  Net sales rose 9% to $14.3B (vs 5% prior year), but the current period includes an extra week (52-week vs 53-week fiscal year), making direct comparison difficult. Comp sales increased 6% vs 3% prior year.

  MD&A: Net Sales Growth verify on EDGAR →
• high

  Pre-tax margin expanded 170bp to 12.0% from 10.3%, reversing prior year's 80bp contraction. Cost of sales ratio improved 180bp to 68.7%, driven by higher markon, favorable hedging, and expense leverage.

  MD&A: Pre-Tax Margin & Cost of Sales verify on EDGAR →
• high

  Supreme Court invalidated IEEPA tariffs in Feb 2026; TJX estimates it paid ~$490M and has begun filing for refunds under a phased CBP process. No receivable recorded yet due to uncertain amount, timing, and likelihood of recovery.

  MD&A & Notes: IEEPA Tariff Refund verify on EDGAR →