Published
# TJX Companies, Inc. (NYSE: TJX) — Recent Events ## Filings that contain financial statements The following 8-K exhibits furnish quarterly results tables (income statement, condensed balance sheet, condensed statement of cash flows, and segment data): - **Accession 0000109198-26-000045** (filed August 19, 2026) — Exhibit 99.1 press release with results for the fiscal quarter ended August 1, 2026 (Q2 FY2027) and the twenty-six weeks then ended. - **Accession 0000109198-26-000023** (filed May 20, 2026) — Exhibit 99.1 press release with results for the fiscal quarter ended May 2, 2026 (Q1 FY2027). - **Accession 0000109198-26-000004** (filed February 25, 2026) — Exhibit 99.1 press release with results for the fiscal quarter and fiscal year ended January 31, 2026 (Q4 and full-year FY2026). - **Accession 0000109198-25-000058** (filed November 19, 2025) — Exhibit 99.1 press release with results for the fiscal quarter ended November 1, 2025 (Q3 FY2026) and the thirty-nine weeks then ended. - **Accession 0000109198-25-000051** (filed August 20, 2025) — Exhibit 99.1 press release with results for the fiscal quarter ended August 2, 2025 (Q2 FY2026). - **Accession 0000109198-25-000037** (filed May 21, 2025) — Exhibit 99.1 press release with results for the fiscal quarter ended May 3, 2025 (Q1 FY2026). - **Accession 0000109198-25-000006** (filed February 26, 2025) — Exhibit 99.1 press release with results for the fiscal quarter and fiscal year ended February 1, 2025 (Q4 and full-year FY2025). - **Accession 0000109198-24-000056** (filed November 20, 2024) — Exhibit 99.1 press release with results for the fiscal quarter ended November 2, 2024 (Q3 FY2025). - **Accession 0000109198-24-000044** (filed August 21, 2024) — Exhibit 99.1 press release with results for the fiscal quarter ended August 3, 2024 (Q2 FY2025). ## Earnings and guidance **Q2 FY2027 (quarter ended August 1, 2026) — reported August 19, 2026, accession 0000109198-26-000045.** Net sales rose 5% to $15.2 billion; consolidated comparable sales increased 4%, above plan. Diluted EPS was $1.36 (up 24% year over year), or $1.22 adjusted to exclude a net $0.14 benefit from IEEPA tariff refunds partly offset by related incremental compensation accruals. Pretax profit margin was 13.3% (11.9% adjusted). The company returned $1.3 billion to shareholders in the quarter via buybacks and dividends, and raised its full-year FY2027 pretax profit margin and EPS guidance to $5.31–$5.36 diluted EPS ($5.15–$5.20 adjusted). It also announced plans to accelerate store growth to 4% beginning in fiscal 2028 and raised its long-term global store target by 500 stores to 7,500. **Q1 FY2027 (quarter ended May 2, 2026) — reported May 20, 2026, accession 0000109198-26-000023.** Net sales rose 9% to $14.3 billion; comparable sales increased 6%, well above plan. Diluted EPS was $1.19, up 29% year over year. The company raised full-year FY2027 guidance for comparable sales growth (to 3%–4%), pretax profit margin (to 11.9%–12.0%), diluted EPS (to $5.08–$5.15), and its share-buyback range (to $2.75–$3.0 billion). **Q4 and full-year FY2026 (quarter and year ended January 31, 2026) — reported February 25, 2026, accession 0000109198-26-000004.** Full-year net sales were $60.4 billion (up 7%), surpassing $60 billion for the first time; comparable sales grew 5%. Full-year diluted EPS was $4.87 (up 14%), or $4.73 adjusted for a net benefit from a credit-card interchange-fee litigation settlement. The company announced a 13% increase to its regular quarterly dividend, to $0.48 per share, expected to be declared in March 2026, and a new $3.0 billion share-repurchase authorization (its 26th buyback program since 1997), alongside a plan to repurchase approximately $2.50–$2.75 billion of stock in FY2027. **Q3 FY2026 (quarter ended November 1, 2025) — reported November 19, 2025, accession 0000109198-25-000058.** Net sales rose 7% to $15.1 billion; comparable sales increased 5%, well above plan. Diluted EPS was $1.28, up 12%. The company raised its full-year FY2026 guidance for comparable sales (to up 4%), pretax profit margin (to 11.6%), and diluted EPS (to $4.63–$4.66). **Q2 FY2026 (quarter ended August 2, 2025) — reported August 20, 2025, accession 0000109198-25-000051.** Net sales rose 7% to $14.4 billion; comparable sales increased 4%, above plan. Pretax profit margin was 11.4%. Diluted EPS was $1.10 (up 15% versus $0.96). The company returned $1.0 billion to shareholders in the quarter and raised its full-year FY2026 pretax profit margin and EPS guidance. **Q1 FY2026 (quarter ended May 3, 2025) — reported May 21, 2025, accession 0000109198-25-000037.** Net sales rose 5% to $13.1 billion; comparable sales increased 3%, at the high end of plan. Pretax profit margin was 10.3%. Diluted EPS was $0.92, versus $0.93 a year earlier. The company returned $1.0 billion to shareholders in the quarter and maintained its full-year FY2026 guidance. **Q4 and full-year FY2025 (quarter and year ended February 1, 2025) — reported February 26, 2025, accession 0000109198-25-000006.** Q4 comparable sales increased 5%, pretax profit margin was 11.6%, and diluted EPS was $1.23. For full-year FY2025, comparable sales increased 4%, pretax profit margin was 11.5%, and diluted EPS was $4.26. The company returned $4.1 billion to shareholders in FY2025 ($2.5 billion of buybacks retiring 22.3 million shares plus $1.6 billion of dividends), announced a 13% dividend increase to $0.425 per share, and a plan to repurchase $2.0–$2.5 billion of stock in FY2026 under a new $2.5 billion authorization (its 25th buyback program since 1997). **Q3 FY2025 (quarter ended November 2, 2024) — reported November 20, 2024, accession 0000109198-24-000056.** Comparable sales increased 3%, at the high end of plan. Pretax profit margin was 12.3%, up 0.3 points. Diluted EPS was $1.14, up 11%. The company returned $997 million to shareholders in the quarter and raised its FY2025 pretax profit margin and EPS guidance. **Q2 FY2025 (quarter ended August 3, 2024) — reported August 21, 2024, accession 0000109198-24-000044.** Comparable sales increased 4%, above plan. Pretax profit margin was 10.9%, up 0.5 points. Diluted EPS was $0.96, up 13%. The company returned $982 million to shareholders in the quarter, raised its FY2025 pretax profit margin and EPS guidance, and opened its 5,000th store worldwide. ## Capital actions TJX has run a continuous share-repurchase program across the periods covered by these filings, funded primarily by operating cash flow, with new multi-billion-dollar authorizations approved by the Board roughly annually, and has followed a pattern of annual regular-dividend increases (see the Q4/FY2026 and Q4/FY2025 earnings entries above for the specific authorizations and dividend amounts). **Credit facility amendments — May 9, 2025, accession 0000109198-25-000033.** TJX amended and restated its two revolving credit facilities. The $500 million facility (the "2029 Revolving Credit Facility") had its maturity extended to May 9, 2029 and its commitment increased to $750 million. The $1 billion facility (the "2030 Revolving Credit Facility") had its maturity extended to May 9, 2030, its commitment decreased to $750 million, and its interest-rate margin reduced to be consistent with the 2029 facility. Together, the two amended facilities maintain the company's total borrowing capacity at $1.5 billion. All other material terms of both facilities were unchanged. ## Governance and management **Annual meetings of shareholders — June 4, 2024 (accession 0000109198-24-000040), June 10, 2025 (accession 0000109198-25-000047), and June 9, 2026 (accession 0000109198-26-000041).** At each meeting, shareholders elected the full slate of director nominees, ratified PricewaterhouseCoopers LLP as independent auditor, and approved (on an advisory basis) executive compensation. At the June 2024 meeting, a shareholder proposal requesting a report on the effectiveness of social-compliance efforts in TJX's supply chain was not approved. **By-law amendments — September 18, 2024, accession 0000109198-24-000052.** The Board amended and restated TJX's by-laws to add universal-proxy procedural requirements under Exchange Act Rule 14a-19, update stockholder-list availability provisions to align with Delaware law, require non-white proxy cards for third-party solicitations, and make other conforming and modernizing revisions. **Executive employment agreement extensions — January 31, 2025, accession 0000109198-25-000002.** TJX extended the employment agreements of Ernie Herrman (Chief Executive Officer and President) and Carol Meyrowitz (Executive Chairman of the Board) through January 29, 2028. Ms. Meyrowitz's agreement also set a minimum annual base salary of $1,100,000 effective February 2, 2025. The company also extended the employment agreement of Scott Goldenberg, Executive Advisor, through April 24, 2026. ## Investments and joint ventures **Brands For Less (BFL) — signed August 21, 2024, accession 0000109198-24-000044; closed after the end of Q3 FY2025, accession 0000109198-24-000056.** TJX signed a definitive agreement to invest approximately $360 million, subject to customary working capital adjustments, for a 35% ownership stake in privately held Brands For Less, a Dubai-based off-price apparel, toys, and home fashions retailer with over 100 stores primarily in the UAE and Saudi Arabia, plus an e-commerce business. The transaction closed after the end of the third quarter of Fiscal 2025 for $344 million (a lower price than the $360 million originally signed). The investment is a non-controlling, minority stake accounted for under the equity method, with BFL's results reported on a one-quarter delay. TJX said it did not expect the investment to have a material impact on Q4 or full-year FY2025 results. **Grupo Axo / Multibrand Outlet Stores joint venture — closed during Q3 FY2025, accession 0000109198-24-000056.** TJX completed its investment in a joint venture with Grupo Axo, S.A.P.I. de C.V., paying $179 million in cash ($192 million including $13 million of acquisition costs). TJX owns 49% of the joint venture and Axo owns 51%. The joint venture comprises Multibrand Outlet Stores, S.A.P.I. de C.V., Axo's off-price physical-store business in Mexico, which operates over 200 stores under the Promoda, Reduced, and Urban Store banners. TJX has an option to increase its ownership over the long term. TJX said it did not expect the joint venture to have a material impact on Q4 or full-year FY2025 results. TJX's Form 10-Q for the quarter ended August 1, 2026 (accession 0000109198-26-000048), whose notes run A through K, discloses no pending or completed business acquisition or divestiture.