TJX sees Q1 EPS 87c-89c, consensus 99c

Sees Q1 comparable store sales up 2%-3%. The company said, “For the first quarter of Fiscal 2026, the Company is planning consolidated comparable store sales to be up 2% to 3%. The Company is planning first quarter Fiscal 2026 pretax profit margin to be in the range of 10.0% to 10.1%, down 1.0 to 1.1 percentage points versus the prior year’s 11.1%. The Company is planning first quarter Fiscal 2026 diluted earnings per share to be in the range of $.87 to $.89, which would represent a 4% to 6% decrease versus the prior year’s $.93. The Company’s first quarter Fiscal 2026 pretax profit margin and diluted earnings per share outlook is planned lower than the Company’s outlook for the last nine months of the year primarily due to a benefit from lower incentive compensation accruals planned in the last nine months of Fiscal 2026, a lapping of a benefit from a reserve release in the first quarter of Fiscal 2025, and the expected timing of certain expenses.”