How TJX Companies’ Margins Fared in Fiscal Q1 2019
TJX Companies’ (TJX) gross margin declined by ten basis points to 28.9% year-over-year in the first quarter of fiscal 2019, which ended on May 5. Its gross margin declined due to a lower merchandise margin at the company’s HomeGoods segment due to an increased markdown recorded earlier in its fiscal first quarter. TJX Companies’ operating margin improved 30 basis points year-over-year to 11.1% in the first quarter of fiscal 2019.