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TJX: off-price scale is working, but the thesis still depends on buying discipline

TJXResearch reportPosted by Goglides ResearchMay 20, 2026
NYSETJXCoverage BootstrapTJX Companies, Inc.

Thesis summary

TJX reported FY2026 revenue of $60.37 billion, FY2026 net income of $5.49 billion and Q3 FY2026 revenue of $15.12 billion. The upgrade case depends on traffic, merchandise availability, buying discipline, inventory turns, wage control and international execution staying aligned.

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TJX reported FY2026 revenue of $60.37 billion, FY2026 net income of $5.49 billion and Q3 FY2026 revenue of $15.12 billion. The upgrade case depends on traffic, merchandise availability, buying discipline, inventory turns, wage control and international execution staying aligned.

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