TJX International, the Europe and Australia division of The TJX Companies, posted an adjusted segment profit margin of 7.3% on a constant-currency basis in the second quarter of fiscal 2027, up 210 basis points year over year, while reported segment profit margin was 6.4%. The adjusted figure excludes a 0.9-percentage-point impact from tariff-refund-related incremental compensation expense accruals, and foreign currency had no impact on the adjusted margin in the quarter. The division generated second-quarter net sales of $2.09 billion, up 11% from $1.89 billion a year earlier, with sales up 10% on a constant-currency basis and comparable sales up 7% versus 5% growth in the prior-year quarter, driven primarily by higher customer transactions. TJX also opened its second TK Maxx store in Spain during the quarter, drawing an extremely positive customer response. The margin improvement was primarily driven by favorable merchandise margin and expense leverage on higher comparable sales, partly offset by the incremental compensation expense accruals related to tariff refunds. For comparison, Ross Stores posted a 610-basis-point operating margin increase in the second quarter of fiscal 2026, including a 405-basis-point benefit from IEEPA tariff refunds, while Burlington Stores' adjusted EBIT margin rose 100 basis points to 7% and the company expects fiscal 2026 adjusted EBIT margin to increase 20-40 basis points.
The TJX Companies IncTJX International's adjusted segment margin rose 210bp to 7.3% on favorable merchandise margin and expense leverage, with net sales up 11%.
Burlington Stores Inc
Ross Stores Inc
