The TJX Companies, the group behind TJMaxx, Marshalls, HomeGoods, Homesense, and Sierra, has grown across the board in its latest quarterly earnings.

With a store count now standing at 5262 at the end of the fiscal first quarter, TJX took in $14.2 billion in net sales, a 9.2 per cent increase from the same quarter in 2025. This led to a quarterly profit of $1.3 billion.

“I am extremely pleased with our first quarter performance,” Ernie Herrman, CEO and president of TJX, said. “All of our divisions delivered strong comparable sales growth and increases in customer transactions. With our above-plan first quarter results, we are raising our sales and profitability guidance for the full year.”

This guidance now forecasts a comparable sales growth of 3 per cent, up from 1 per cent, by the end of fiscal 2027.

“The second quarter is off to a good start, and we are excited about the initiatives we have planned to keep driving sales and attract consumers to our retail banners,” Herrman added.

“Going forward, we are convinced that the flexibility and resiliency of our off-price business model will continue to be a tremendous advantage. We are energized by the opportunities we see to drive sales, continue expanding our global footprint, and capture additional market share around the world for many years to come.”

Neil Saunders, MD of GlobalData, said that even though TJX was delivering against a strong prior year, it produced an enviable set of numbers.

“It is certainly true that the business is benefiting from a consumer who remains careful with spending but still wants brands and discretionary treats,” he observed.

“However, what’s interesting is that even with a bit more money sloshing around during the quarter – partly thanks to elevated tax refunds – more consumers than ever still opted to shop off-price at TJX and its banners. In our view, this underscores that the success at TJX isn’t just down to price but is really the combination of great value, an excellent assortment and a strong experience. And that, in turn, comes down to a strong merchant and management team.”