TJX's Marmaxx Comparable Sales Slow to 1% as Cramer Questions Retailer

Earnings
โดย Insider Monkey·US·Read original
Summary · why it matters

The TJX Companies reported second-quarter fiscal 2027 sales of $15.18 billion, up 5% year over year, with consolidated comparable sales up 4% and adjusted diluted EPS up 11% to $1.22, but weakness was concentrated in its largest division, Marmaxx, where comparable sales rose just 1%, down from 6% in the first quarter. Marmaxx, which includes TJ Maxx, Marshalls and Sierra, lagged HomeGoods, TJX Canada and TJX International, each of which posted comparable-sales growth of 6% or more. CEO Ernie Herrman said Marmaxx could have executed its store mix better and that the problems were self-inflicted and within the company's control, though management has not disclosed the specific merchandise categories involved. Jim Cramer said on the September 10 episode of Mad Money that he lost it on TJX over the Marmaxx stumble, calling it infuriating that management would not say what went wrong or how it was fixed, and noted that Ross Stores delivered a 10% comparable-sales increase in its latest quarter, compared with just 1% at Marmaxx. TJX raised its full-year diluted EPS outlook to $5.31-$5.36, or $5.15-$5.20 excluding an expected $0.16 net benefit from tariff refunds, while hedge fund holders of the stock fell to 80 in the second quarter from 83 in the first, with Arrowstreet Capital the largest shareholder after increasing its position by 16% to nearly 8.4 million shares and short interest at roughly 2% of the public float.

Impact on stocks 3

Consumer Discretionary± Mixed · 2 stocks
The TJX Companies Inc
TJX
▼ NegativeDemandrelevance

Marmaxx comparable sales slowed to just 1% from 6%, with CEO Herrman calling the store-mix problems self-inflicted.

Ross Stores Inc
ROST
▲ PositiveCompetitionrelevance

Ross Stores delivered a 10% comparable-sales increase versus just 1% at Marmaxx, a favorable competitive comparison.

Energy Transition & Power Demand▲ · 1 stocks

Off-coverage companies 2

SierraPrivate▼ Negative
Demandrelevance

Sierra, part of the lagging Marmaxx division, saw the segment's comparable sales rise only 1%.

Arrowstreet CapitalPrivate± Mixed
Capitalrelevance

Arrowstreet Capital increased its TJX position by 16% to nearly 8.4 million shares, becoming the largest shareholder.

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