Rail Vision: Quantum Transportation Successfully Integrates Google’s Public Surface-Code Dataset into its Quantum Error Correction Transformer

Ra’anana, Israel, May 20, 2026 (GLOBE NEWSWIRE) — Rail Vision Ltd. (Nasdaq: RVSN, FSE: C80) (“Rail Vision” or the “Company”), an early commercialization stage technology company transforming railway safety through advanced AI-integrated sensing systems, announces today, that its majority owned subsidiary Quantum Transportation Ltd. (“Quantum Transportation”), a quantum computing innovator, has successfully delivered a working integration layer that brings a publicly accessible experimental surface-code dataset from Google Quantum AI, into the Quantum Transportation’s Quantum Error Correction (QECC) IP (patent pending) transformer pipeline.

In this phase, the team implemented a standardized data adapter to ingest dense binary syndrome measurements from selected experimental configurations, engineered dynamic attention masking that adapts to code distances and layouts, and established an end-to-end training loop capable of processing mixed batches of real experimental shots.

This milestone reduces technical risk by advancing QECC beyond controlled internal data formats and lays the foundation required for scalable training and repeatable benchmarking on a credible external testbed.

Quantum Transportation is developing transformer-based quantum decoder technology for advanced quantum error correction, including cloud-deployed neural decoders. The decoder’s IP (patent pending) is licensed from Ramot at Tel Aviv University, with applications in various potential industries and end users.

Quantum Transportation previously announced it has successfully implemented its transformer-based neural decoder on the AWS cloud, marking a significant milestone toward real-world quantum applications within the transportation sector. Building on the recent unveiling of its transformer neural decoder, which outperformed classical quantum error correction (QEC) algorithms in simulations, and the delivery of its first prototype for universal error correction, Quantum Transportation’s cloud deployment now provides the scalable infrastructure needed to process complex quantum data efficiently.

About Rail Vision Ltd.

Rail Vision (Nasdaq: RVSN) is an early commercialization stage technology company transforming railway safety through advanced AI-integrated sensing systems. The Company develops and commercializes proprietary, multi-spectral electro-optic platforms that provide extended-range situational awareness and real-time hazard detection. Using machine learning algorithms to identify and classify obstacles, Rail Vision’s technology enhances safety, improves operational efficiency, and supports continuity across deployments.

The Company’s cloud-based platform complements its products by transforming railway operational data into actionable insights that help optimize performance, reduce downtime, and improve safety. As the Company expands its global footprint, it delivers AI-driven perception that supports safer operations, reduces operational risk, and enables the transition to fully autonomous operations.

Rail Vision holds a 51% stake in Quantum Transportation, which has an exclusive sub-license for rail technologies under an innovative pending patent in quantum error correction owned by Ramot, the technology transfer company of Tel Aviv University.

For more information, please visit https://www.railvision.io/

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Forward-looking statements contained in this press release include, but are not limited to, statements regarding Rail Vision’s and its subsidiary’s strategic and business plans, technology, relationships, objectives and expectations for its business, growth, the impact of trends on and interest in its business, intellectual property, products and its future results, operations and financial performance and condition and may be identified by the use of words such as “may,” “seek,” “will,” “consider,” “likely,” “assume,” “estimate,” “expect,” “anticipate,” “intend,” “believe,” “do not believe,” “aim,” “predict,” “plan,” “project,” “continue,” “potential,” “guidance,” “objective,” “outlook,” “trends,” “future,” “could,” “would,” “should,” “target,” “on track” or their negatives or variations, and similar terminology and words of similar import, generally involve future or forward-looking statements. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report on Form 20-F, for the fiscal year ended December 31, 2025, filed with the SEC on March 31, 2026 and in subsequent filings with the SEC. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Rail Vision is not responsible for the contents of third-party websites.

Contacts

David BenDavid
Chief Executive Officer
Rail Vision Ltd.
15 Ha’Tidhar St
Ra’anana, 4366517 Israel
Telephone: +972- 9-957-7706

Investor Relations:

Michal Efraty
[email protected]



AllianceBernstein, Brookfield, and Carlyle Unveil Turnkey Private-Markets Solution for Defined Contribution Plans

PR Newswire

NASHVILLE, Tenn. and NEW YORK, May 20, 2026 /PRNewswire/ — AllianceBernstein Holding L.P. (NYSE: AB), Brookfield Asset Management (NYSE: BAM), and Carlyle (NASDAQ: CG) today announced a collaboration to deliver an innovative, turnkey private markets solution for Defined Contribution (DC) plans providing broader asset class diversification to retirement savers. Designed for implementation alongside an existing target-date fund or managed-account solution, “ABC [ONE]” is intended to be a single source of private-markets exposure for a DC plan’s Qualified Default Investment Alternative (QDIA). The solution will dynamically adjust private asset allocations across private credit, private real assets and private equity, depending on a participant’s stage in their retirement-savings journey.

AB, a leader in glide path design and asset allocation with $105 billion* in AUM in custom target date solutions, will manage the allocation to the three private market asset components alongside the plan’s existing QDIA, based on participants’ ages and preferences.

Global alternative investment firm Brookfield will manage the private real assets component, global investment firm Carlyle will manage the private equity component, and AB will manage the private credit component.  

ABC [ONE] is built to address changing market dynamics, with inflation-adjusted returns expected to be lower in the decade ahead and public markets offering less diversification. By incorporating private market assets with professionally managed DC retirement solutions – such as target-date funds –ABC [ONE] seeks to offer the potential to enhance returns and improve diversification alongside public market exposures.

“We’re pleased to bring together Brookfield, Carlyle and AB to provide a turnkey private markets solution to DC plans that gives retirement savers an allocation to private markets that dynamically adjusts by age,” said Onur Erzan, President of AllianceBernstein. “For more than a decade, AB has been incorporating private assets in custom target-date funds, in both the US and the UK. Based on our investment research and hands-on experience, we believe that when a plan decides to include them, it’s critical to optimize the deployment of these assets for DC participants.”

“We are excited to bring the breadth of Brookfield’s private strategies to the defined contribution space, alongside a market-leading target-date manager,” said Connor Teskey, CEO of Brookfield Asset Management. “With more than 125 years of experience owning, operating and investing in the infrastructure, energy and real estate assets that underpin the global economy, we believe private real assets offer compelling diversification benefits and differentiated return drivers that can support more stable, resilient long-term outcomes for DC participants.”

“We believe private equity can play a meaningful role in enhancing retirement outcomes over time,” said John Redett, Co-President and Head of Global Private Equity at Carlyle. “Our global private equity platform draws on decades of deep experience investing across cycles, sectors, and regions. By combining expertise with a diversified investment approach, we aim to help investors access opportunities aligned with long-term retirement needs. We’re pleased to collaborate to deliver a thoughtfully designed solution that brings together complementary strengths for DC plans.”

ABC [ONE] will use AB’s proprietary DC technology platform, which enables the firm to deliver highly customized default solutions to clients and effectively operationalize them with key business partners such as recordkeepers.

*AUM as of Q1 2026

About AllianceBernstein
AllianceBernstein (AB) is a leading global investment management firm that offers diversified investment services to institutional investors, individuals and private wealth clients in major world markets. As of April 30, 2026, AB had $881 billion in assets under management. AB is a subsidiary of Equitable Holdings, Inc., (EQH), a leading financial services holding company comprised of well-established and complementary businesses. Equitable Holdings, Inc., directly and through various subsidiaries, owns an approximate 68% economic interest in AB as of March 31, 2026. For more information about AB, visit www.alliancebernstein.com.

About Brookfield Asset Management 
Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, energy, private equity, real estate, and credit. We invest client capital for the long term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles. For more information, please visit brookfield.com.

About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $475 billion of assets under management as of March 31, 2026, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,500 people in 28 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

Cision View original content:https://www.prnewswire.com/news-releases/alliancebernstein-brookfield-and-carlyle-unveil-turnkey-private-markets-solution-for-defined-contribution-plans-302777461.html

SOURCE AllianceBernstein

Quantum Cyber Files Provisional Patent for Quantum-Navigated Amphibious Autonomous Ground Vehicle Platform

SCOUT-AX6 GUARDIAN: A 6×6 All-Wheel Electric Amphibious Remote-Controlled Platform With GPS-Denied Quantum Navigation Addresses Trump Administration Priorities in Autonomous Defense, Counter-UAS, and Homeland Security

WEST PALM BEACH, Florida, May 20, 2026 (GLOBE NEWSWIRE) — Quantum Cyber N.V. (Nasdaq: QUCY), a Nasdaq-listed autonomous defense technology company assembling an AI-powered System-of-Systems platform, today announced the filing of a provisional patent application with the United States Patent and Trademark Office (USPTO) for its SCOUT-AX6 GUARDIAN: a quantum-navigated, amphibious, remote-controlled autonomous ground vehicle designed for multi-domain defense operations across land and water in GPS-denied environments.

The provisional application, docket number QDI-2026-QDAS-001, was filed in May 2026. The sole inventor is Jacob Gitman, with Quantum Drone Inc. named as assignee. The Company has 12 months from the filing date to file a corresponding non-provisional application to establish full patent rights.

The SCOUT-AX6 GUARDIAN: Platform Overview
The SCOUT-AX6 GUARDIAN is a 6×6 all-wheel in-hub electric amphibious remote-controlled platform engineered for autonomous multi-domain military operations. The vehicle carries a 200 kg payload, achieves 80 km/h on land and 6-8 km/h in water via wheel-paddle amphibious propulsion, and operates for up to 200 km per mission. Its hull is constructed from 6061-T6 aluminium with UHMWPE belly armor and is rated IP68 for full amphibious operations with no external jets or watercraft modifications required.

The platform’s defining innovation is its Quantum Sensing Navigation Core (QSNC): a miniaturized quantum magnetometer and quantum inertial navigation unit (QINU) mounted aboard an airborne sentinel UAV that operates as a persistent overhead navigation beacon for the ground vehicle. The sentinel continuously broadcasts a quantum-derived, GPS-independent position reference to the SCOUT-AX6 via the Quantum Reference Beacon Protocol (QRBP), achieving navigation accuracy below 10 meters RMS in fully GPS-denied environments — more than an order of magnitude better than conventional inertial navigation systems. All data links use post-quantum encryption standardized by NIST (CRYSTALS-Kyber), making the communications architecture resistant to both classical and quantum-based cyber attack.

A novel Two-Sentinel Continuous Coverage System (TSCS) ensures zero-gap navigation availability: one sentinel UAV is always airborne as the active quantum beacon while a second charges aboard the vehicle’s docking port, with an automated handoff algorithm maintaining uninterrupted position reference during transitions. The airborne sentinel additionally provides real-time aerial LIDAR terrain mapping, transmitting 3D path data to the vehicle’s autonomous navigation stack for AI-computed route optimization in complex and obstacle-dense environments.

The platform also incorporates a patented Adaptive Hydrodynamic Central Tire Inflation System (AH-CTIS), which uses in-wheel motor torque telemetry as a real-time proxy for paddle hydrodynamic efficiency, automatically optimizing tire pressure during amphibious operations to maximize swim speed per unit of power.

Alignment With Trump Administration National Security Priorities
The SCOUT-AX6 GUARDIAN directly addresses priority areas established by the Trump Administration across defense and homeland security policy. The U.S. Department of Defense FY2027 Budget Request allocates approximately $55 billion toward drone and autonomous warfare capabilities, with GPS-resilient navigation identified as a critical operational requirement following documented GPS jamming and spoofing in active theaters in Ukraine and the Middle East. The SCOUT-AX6 GUARDIAN’s quantum navigation architecture operates entirely passively, relying on no external radio frequency signals, making it immune to jamming, spoofing, and signal denial in contested environments.

The platform’s post-quantum encrypted communications align with the Trump Administration’s National Cybersecurity Strategy directive to accelerate adoption of post-quantum cryptographic standards across national security systems. The U.S. Cybersecurity and Infrastructure Security Agency (CISA) and the Department of Homeland Security (DHS) have further identified GPS signal integrity and resilient autonomous navigation as critical infrastructure protection priorities — requirements the SCOUT-AX6 GUARDIAN is engineered to meet.

The vehicle’s amphibious capability addresses a documented gap in U.S. autonomous defense platforms, which have historically been limited to single-domain (land or maritime) operations. The SCOUT-AX6 GUARDIAN operates across both domains without reconfiguration, enabling applications in border security, port defense, littoral zone operations, and rapid logistics resupply to forward positions — all operational contexts prioritized under current DHS and DoD homeland security frameworks.

“The SCOUT-AX6 GUARDIAN is the amphibious autonomous platform that the current threat environment demands,” said management of Quantum Cyber. “GPS jamming is no longer a theoretical risk — it is a documented operational reality in every active theater. We have built a vehicle that navigates with quantum precision regardless of whether GPS exists, communicates with post-quantum encryption that no adversary can break, and crosses land and water without any platform change. That is a capability set that directly maps to what the Trump Administration and the Pentagon have identified as critical national security requirements, and we intend to put it in front of the right procurement stakeholders.”

About Quantum Cyber N.V.
Quantum Cyber N.V. (Nasdaq: QUCY) is assembling an AI-powered, quantum-accelerated System-of-Systems autonomous defense platform that integrates drone warfare, counter-UAS, autonomous naval mine countermeasures, EMP shielding, anti-drone ammunition, command-and-control, and quantum antenna applications under a single Nasdaq-listed company. The Company acquires, licenses, and develops combat-proven autonomous technologies, deploying them as a coordinated, multi-domain portfolio across air, land, and sea. For more information, visit www.quantum-cyber.ai.

Forward-Looking Statements
Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from the Company’s expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) the failure to meet projected development and related targets; (ii) changes in applicable laws or regulations; (iii) inability to successfully pursue new initiatives; (iv) the filing of a provisional patent application does not guarantee issuance of a patent; and (v) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the “SEC”) by the Company. The Company’s SEC filings are available publicly on the SEC’s website at www.sec.gov. Any forward-looking statement made by us in this press release is based only on information currently available to the Company and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.

Investor Relations Contact:
Arx Investor Relations
North American Equities Desk
[email protected]



Repligen Announces Publication of the Company’s 2025 Corporate Sustainability Report

WALTHAM, Mass., May 20, 2026 (GLOBE NEWSWIRE) — Repligen Corporation (NASDAQ:RGEN), a life sciences company focused on bioprocessing technology leadership, today announced the digital publication of its 2025 Corporate Sustainability Report and related reporting framework disclosures. Themed “Driving Sustainable Growth Together”, this report communicates the company’s progress in advancing our sustainability strategy across six key impact areas: Products & Packaging, Operations, Talent, Supply Chain, Communities, and Pathways to Success. Also included in the 2025 Sustainability Report are detailed disclosures aligned with the United Nations Sustainable Development Goals (UN SDGs) and three key reporting frameworks: the Global Reporting Initiative (GRI) Standards, Sustainability Accounting Standards Board (SASB) Standards and the Task Force on Climate-related Financial Disclosures (TCFD), now part of the IFRS Sustainability Alliance.

Olivier Loeillot, President and Chief Executive Officer at Repligen said, “Sustainability at Repligen is not a secondary effort—it is integral to how we grow, innovate, and support our customers. By investing in our people, strengthening governance, and acting responsibly, we are building a company that delivers lasting value for all stakeholders.”

Dianne Heiler, Vice President of Sustainability & ESG and Global Head of Packaging Engineering at Repligen said, “Our company remains focused on transparency, rigor, and continuous improvement—investing in the foundations required to meet rising expectations with credibility, consistency, and integrity across our global operations.”

Below are just a few of the 2025 Corporate Sustainability Report highlights across environmental, social, and governance topics. Report data is through year-end 2025 unless otherwise noted.

Advancing Impacts: Report Highlights

  • Maintained 100% renewable electricity across U.S. and European manufacturing operations.
  • Completed our first enterprise-level Double Materiality Assessment aligned with European Sustainability Reporting Standards (ESRS), enhancing prioritization of material topics and regulatory readiness.
  • Expanded the Board’s existing sustainability oversight by assigning regular oversight to the Audit Committee, reinforcing governance rigor, data integrity, and alignment with evolving stakeholder expectations.
  • Adopted new Human Rights and Sustainability and ESG policies, strengthening oversight and accountability.
  • Decreased year-over-year global water withdrawals by 14%.

About Repligen Corporation

Repligen Corporation is a global life sciences company that develops and commercializes highly innovative bioprocessing technologies and systems that enable efficiencies in the process of manufacturing biological drugs. We are “inspiring advances in bioprocessing” for the customers we serve; primarily biopharmaceutical drug developers and contract development and manufacturing organizations (CDMOs) worldwide. Our focus areas are Filtration and Fluid Management, Chromatography, Process Analytics and Proteins. Our corporate headquarters are located in Waltham, Massachusetts, and the majority of our manufacturing sites are in the U.S., with additional key sites in Estonia, Germany, Ireland, the Netherlands and Sweden. For more information, please visit www.repligen.com, and follow us on LinkedIn.

Forward Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that statements in this press release which are not strictly historical statements including, without limitation, statements identified by words like “believe,” “expect,” “may,” “will,” “should,” “seek,” or “could” and similar expressions, constitute forward-looking statements. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated, including risks discussed from time to time in our filings with the Securities and Exchange Commission. We expressly disclaim any responsibility to update any forward-looking statements, except as required by law.

Repligen Contact:

Jacob Johnson
VP, Investor Relations
(781) 419-0204
[email protected]



Stock Yards Bancorp Declares Quarterly Cash Dividend Of $0.32 Per Common Share

LOUISVILLE, Ky., May 20, 2026 (GLOBE NEWSWIRE) — Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices throughout the state of Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, announced that its Board of Directors has declared a quarterly cash dividend of $0.32 per common share. The dividend will be paid on July 1, 2026, to stockholders of record as of June 15, 2026.

Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $9.47 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904. The Company’s common shares trade on The NASDAQ Stock Market under the symbol “SYBT.” For more information about Stock Yards Bancorp, visit the Company’s website at www.syb.com.

   
Contact: T. Clay Stinnett
Executive Vice President, Treasurer
and Chief Financial Officer
(502) 625-0890



Bread Financial launches 2025 Sustainability Report

Annual report highlights key achievements across sustainability priorities

COLUMBUS, Ohio, May 20, 2026 (GLOBE NEWSWIRE) — Bread Financial® (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions, today published its 2025 Sustainability Report, the company’s 13th annual report. This year’s report highlights Bread Financial’s progress in embedding sustainability across its operations, reinforcing the company’s commitment to and progress delivering value to stakeholders while advancing its environmental, social and governance priorities. 

“As we celebrate Bread Financial’s 30th anniversary, our 2025 Sustainability Report demonstrates how sustainability is strategically embedded throughout our operations and business,” said Ralph Andretta, president and chief executive officer, Bread Financial. “By aligning our sustainability strategy with a focus on operational excellence, technology modernization and financial discipline, we are driving meaningful impact, empowering our customers and positioning the company for continued long-term growth.”  

The report outlines Bread Financial’s 2025 achievements across the core tenets of its sustainability strategy: 

  • Managing Our Business Responsibly: Bread Financial strengthened its financial resilience and governance practices through enhancements to its enterprise risk management framework and the launch of a supplier registration portal to expand engagement and opportunity. The company also earned credit ratings upgrades from Moody’s and Fitch. 
  • Empowering Customers: The company continued to enhance the customer experience through digital innovation and service excellence. Highlights included completing the rollout of its mobile app across eligible branded credit card programs, earning BenchmarkPortal’s Center of Excellence certification for the 20th consecutive year, and introducing its first Brand Partner Relationship Survey to measure partner satisfaction and inform ongoing improvements. 
  • Engaging Associates: Bread Financial advanced its focus on talent development and culture by launching an online learning platform to help all associates advance their technology skills and foster a culture of innovation, while also establishing its Operational Excellence Training Academy. The company also achieved strong engagement results, with 86% of associates agreeing that they feel a sense of belonging. In addition, it received workplace recognitions for its sustainability stewardship and responsible business practices from organizations such as Forbes, Fortune and Newsweek. 
  • Creating Possibilities for Communities: The company expanded its community impact by contributing $14.1 million in charitable donations and executing 10 cause marketing campaigns alongside brand partners to support shared causes. Associate volunteer hours also increased by 14% year over year.  
  • Environmental Responsibility: Bread Financial continued to integrate environmental responsibility into its business decisions and operations, advancing progress toward long-term emissions reduction goals, increasing paperless billing adoption by 7% points year over year, and embedding sustainability into its broader technology transformation. 

Across these tenets, the report also highlights how Bread Financial is strategically leveraging technology to drive efficiency and sustainable outcomes, including rigorous oversight and governance over AI initiatives, automation of business processes and continued modernization of its technology infrastructure to enhance operational performance and customer experience.  

“This year’s report reflects the progress we have made to strengthen our business and our culture,” said Dana Beckman, vice president and chief sustainability officer, Bread Financial. “Sustainability is fundamental to how we operate every day to support our customers, associates, partners and communities. These results show how we’re continuing to create value for stakeholders, support customers in building financial confidence and drive sustainable growth.” 

For more information on Bread Financial’s sustainability commitments, visit here.  

About Bread Financial®


Bread Financial® (NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions to millions of U.S. consumers. Our payment solutions deliver growth for some of the most recognized brands in travel & entertainment, health & beauty, technology, electronics, jewelry, home and specialty apparel through our co-brand and private label credit cards and pay-over-time products providing choice and value to our shared customers. Additionally, we offer Bread Financial general purpose credit cards and saving products that empower our customers and their passions for a better life.​

Bread Financial proudly marks 30 years of success in 2026. To learn more about our global associates, our performance and our sustainability progress, visit breadfinancial.com or follow us on Instagram and LinkedIn.

Rachel Stultz — Media 
[email protected] 



PDD Holdings to Report First Quarter 2026 Unaudited Financial Results on May 27, 2026

DUBLIN and SHANGHAI, May 20, 2026 (GLOBE NEWSWIRE) — PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD) today announced that it will report its unaudited financial results for the first quarter ended March 31, 2026, before U.S. markets open on Wednesday, May 27, 2026.

The Company’s management will hold an earnings conference call at 7:30 AM ET on May 27, 2026 (12:30 PM IST and 7:30 PM HKT on the same day).

The conference call will be webcast live at https://investor.pddholdings.com/investor-events. The webcast will be available for replay at the same website following the conclusion of the call.

About PDD Holdings:
PDD Holdings is a multinational commerce group that owns and operates a portfolio of businesses. PDD Holdings aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from the increased productivity and new opportunities.



For investor and media inquiries, please contact us at: [email protected] [email protected]

Mobilicom Secures New Design Wins with Two U.S. Tier-1 Drone Manufacturers for Cybersecure Datalink Integration in ISR Platforms

Supports Mobilicom’s 2026 Strategic Objective to Expand Tier-1 Defense Drone Platform Opportunities and
Highlights Growing Adoption of its Program-of-Record Validated Cybersecure Solutions

Palo Alto, California, May 20, 2026 (GLOBE NEWSWIRE) —

Mobilicom

Limited (Nasdaq: MOB, MOBBW) (“Mobilicom” or the “Company”), a provider of cybersecurity and robust communications solutions for drones and robotics, today announced it has secured new design wins with two leading U.S. Tier-1 defense drone manufacturers for small-sized Intelligence, Surveillance and Reconnaissance (“ISR”) drone platforms incorporating Mobilicom’s cybersecure SkyHopper datalink solutions and ICE electronic warfare resistance & cybersecurity suite.

The new Tier-1 design wins expand Mobilicom’s reach within the U.S. defense drone platforms and signal increasing demand for the Company’s Program-of-Record proven solutions, building upon the Company’s foundation established through its Blue UAS Framework selection, FCC Trusted Drone designation, NDAA- vetted compliance, and trusted cybersecure communications technologies.

“These new design wins represent another important milestone in growing Mobilicom’s engagement with prominent U.S. drone manufacturers and expanding our presence across next-generation defense drone programs,” said Oren Elkayam, Founder and CEO of Mobilicom. “Working closely with these customers through joint design and integration processes, we developed tailored SkyHopper datalink configurations designed to optimize their platform requirements and operational needs. These engagements support our 2026 objective of expanding Tier-1 platform opportunities while further demonstrating demand for trusted, cybersecure communications solutions supporting advanced ISR and autonomous operations.”

Mobilicom’s cybersecure SkyHopper product family, including its MultiBand and Tactical solutions, together with its ICE EW resistance & cybersecurity software, are designed to deliver secure, high-performance communications capabilities for drones and autonomous systems operating in mission-critical environments. The Company’s IP-based solutions support evolving defense and security mission requirements, including secure ISR operations, autonomous platform control, and resilient communications in electronically challenged environments.

About Mobilicom

Mobilicom is a leading provider of cybersecure robust solutions for the rapidly growing defense and commercial drones and robotics market. Mobilicom’s large portfolio of field-proven technologies includes cybersecurity, software, hardware, and professional services that power, connect, guide, and secure drones and robotics. Through deployments across the globe with over 50 customers, including the world’s largest drone manufacturers, Mobilicom’s end-to-end solutions are used in mission-critical functions.

For investors, please use https://ir.mobilicom.com/
For company, please use www.mobilicom.com

Forward Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. For example, the Company is using forward-looking statements when it discusses the increasing demand for the Company’s Program-of-Record proven solutions. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Mobilicom Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company’s filings with the Securities and Exchange Commission.

Forward-looking statements contained in this announcement are made as of this date, and Mobilicom Limited undertakes no duty to update such information except as required under applicable law.

For more information on Mobilicom, please contact:

Chris Donovan

Mobilicom Ltd
[email protected]



Emergent BioSolutions to Participate in Upcoming Investor Conferences

GAITHERSBURG, Md., May 20, 2026 (GLOBE NEWSWIRE) — Emergent BioSolutions Inc. (NYSE: EBS) announced today that members of the company’s senior management team will participate in the following investor conferences:

  • Goldman Sachs 11th Annual Leveraged Finance and Credit Conference, May 27-29
  • Benchmark 6th Annual Healthcare House Call Virtual Investor Conference, May 28
  • Jefferies Global Healthcare Conference, June 2-4

    • June 3: presentation and webcast, 1:20-1:50 p.m. eastern time, register here.
  • Goldman Sachs 47th Annual Global Healthcare Conference, June 8-10

    • June 8: presentation and webcast, 2:00-3:00 p.m. eastern time, register here.

Please contact a conference representative to request one-on-one meetings.

About Emergent BioSolutions

At Emergent, our mission is to protect and save lives. For over 25 years, we’ve been at work preparing those entrusted with protecting public health. We deliver protective and life-saving solutions for health threats like smallpox, mpox, botulism, Ebola, anthrax and opioid overdose emergencies. To learn more about how we help prepare communities around the world for today’s health challenges and tomorrow’s threats, visit our website and follow us on LinkedInX, Instagram, Apple Podcasts and Spotify. 

Investor Contact:

Richard S. Lindahl
Executive Vice President, CFO
[email protected]  

Media Contact:

Assal Hellmer
Vice President, Communications
[email protected]



TJX Reports Q1 FY27 Results; Comp Sales up 6%, Pretax Profit Margin of 12.0%, and Diluted EPS of $1.19, up 29% Vs. Last Year, All Well Above Plan; Increases Full Year FY27 Comp Sales Growth, Pretax Profit Margin, EPS, and Share Buyback Guidance

TJX Reports Q1 FY27 Results; Comp Sales up 6%, Pretax Profit Margin of 12.0%, and Diluted EPS of $1.19, up 29% Vs. Last Year, All Well Above Plan; Increases Full Year FY27 Comp Sales Growth, Pretax Profit Margin, EPS, and Share Buyback Guidance

  • Q1 consolidated comparable sales increased 6%, well above the Company’s plan
  • Q1 pretax profit margin of 12.0%, up 1.7 percentage points versus last year and well above the Company’s plan
  • Q1 diluted earnings per share of $1.19, up 29% versus last year and well above the Company’s plan
  • Returned $1.1 billion to shareholders in Q1 through share repurchases and dividends
  • Increases full year FY27 outlook for comp sales growth to 3% to 4%, pretax profit margin to 11.9% to 12.0%, diluted earnings per share to $5.08 to $5.15, and share buyback range to $2.75 to $3.0 billion

FRAMINGHAM, Mass.–(BUSINESS WIRE)–
The TJX Companies, Inc. (NYSE: TJX), the leading off-price apparel and home fashions retailer in the U.S. and worldwide, today announced sales and operating results for the first quarter ended May 2, 2026. Net sales for the first quarter of Fiscal 2027 were $14.3 billion, an increase of 9% versus the first quarter of Fiscal 2026. First quarter Fiscal 2027 consolidated comparable sales increased 6%. Net income for the first quarter of Fiscal 2027 was $1.3 billion and diluted earnings per share were $1.19, up 29% versus $.92 in the first quarter of Fiscal 2026.

CEO and President Comments

Ernie Herrman, Chief Executive Officer and President of The TJX Companies, Inc., stated, “I am extremely pleased with our first quarter performance. Sales, pretax profit margin, and earnings per share were all well above our plan. Throughout the quarter, our teams around the globe successfully executed on our off-price fundamentals to deliver on our value mission and offer an exciting treasure-hunt shopping experience to customers, every day. All of our divisions delivered strong comparable sales growth and increases in customer transactions. With our above-plan first quarter results, we are raising our sales and profitability guidance for the full year. The second quarter is off to a good start, and we are excited about the initiatives we have planned to keep driving sales and attract consumers to our retail banners. Availability of quality, branded merchandise is outstanding, and we are well-positioned to take advantage of the plentiful buying opportunities we are seeing in the marketplace. Going forward, we are convinced that the flexibility and resiliency of our off-price business model will continue to be a tremendous advantage. We are energized by the opportunities we see to drive sales, continue expanding our global footprint, and capture additional market share around the world for many years to come.”

Comparable Sales by Division

The Company’s comparable sales by division for the first quarter of Fiscal 2027 and Fiscal 2026 were as follows:

 

First Quarter

Comparable Sales

 

FY2027

FY2026

 

 

 

Marmaxx (U.S.)1

+6%

+2%

HomeGoods (U.S.)2

+9%

+4%

TJX Canada3

+7%

+5%

TJX International (Europe & Australia)4

+4%

+5%

 

 

 

TJX

+6%

+3%

1Includes TJ Maxx, Marshalls, and Sierra stores as well as their e-commerce sites. 2Includes HomeGoods and Homesense stores. 3Includes Winners, HomeSense, and Marshalls stores in Canada. 4Includes TK Maxx and Homesense stores, as well as TK Maxx e-commerce sites in Europe.

Net Sales by Division

The Company’s net sales by division for the first quarter of Fiscal 2027 and Fiscal 2026 were as follows:

 

First Quarter Net Sales

($ in millions)1

First Quarter FY2027

Reported Sales Growth

First Quarter FY2027

Sales Growth on a Constant Currency Basis2

 

FY2027

FY2026

 

 

 

 

 

Marmaxx (U.S.)3

$8,650

$8,052

+7%

N.A.

HomeGoods (U.S.)4

$2,506

$2,254

+11%

N.A.

TJX Canada5

$1,285

$1,144

+12%

+9%

TJX International (Europe & Australia)6

$1,882

$1,661

+13%

+7%

 

 

 

 

 

TJX

$14,323

$13,111

+9%

+8%

1Net sales in TJX Canada and TJX International include the impact of foreign currency. 2Reflects net sales adjusted for the impact of foreign currency; see Impact of Foreign Currency, below. 3Includes TJ Maxx, Marshalls, and Sierra stores as well as their e-commerce sites. 4Includes HomeGoods and Homesense stores. 5Includes Winners, HomeSense, and Marshalls stores in Canada. 6Includes TK Maxx and Homesense stores, as well as TK Maxx e-commerce sites in Europe.

Margins

For the first quarter of Fiscal 2027, the Company’s pretax profit margin was 12.0%, well above the Company’s plan and 1.7 percentage points above last year’s first quarter pretax profit margin of 10.3%.

Gross profit margin for the first quarter of Fiscal 2027 was 31.3%, up 1.8 percentage points versus last year’s 29.5%, driven by an increase in merchandise margin, a benefit from favorable inventory and fuel hedges, and expense leverage on sales.

Selling, general, and administrative (SG&A) costs as a percent of sales for the first quarter of Fiscal 2027 were 19.5%, a 0.1 percentage point increase versus last year’s 19.4%.

Net interest income had a neutral impact to first quarter Fiscal 2027 pretax profit margin versus the prior year.

The Company’s first quarter Fiscal 2027 pretax profit margin was well above its plan, primarily driven by expense leverage on above-plan sales, favorable fuel hedges, and a stronger-than-expected merchandise margin.

Inventory

Total inventories as of May 2, 2026 were $7.7 billion, compared to $7.1 billion at the end of the first quarter of Fiscal 2026. Consolidated inventories on a per-store basis as of May 2, 2026, including distribution centers, but excluding inventory in transit and the Company’s e-commerce sites, were up 7% on a reported basis, and up 6% on a constant currency basis, versus last year. The Company’s inventory position reflects the excellent buying opportunities it saw in the marketplace during the first quarter. The Company is well-positioned to take advantage of the outstanding availability of quality merchandise and flow fresh assortments to its stores and online this spring and summer. Inventory on a constant currency basis reflects inventory adjusted for the impact of foreign currency, if any, as described below.

Cash and Shareholder Distributions

For the first quarter of Fiscal 2027, the Company generated $1.1 billion of operating cash flow and ended the quarter with $5.6 billion of cash.

During the first quarter of Fiscal 2027, the Company returned a total of $1.1 billion to shareholders. The Company repurchased 3.8 million shares of TJX stock for a total of $604 million and paid $471 million in shareholder dividends.

The Company is increasing its range for share repurchases to $2.75 to $3.0 billion of TJX stock during Fiscal 2027. The Company may adjust the amount purchased under this plan up or down depending on various factors. The Company remains committed to returning cash to its shareholders while continuing to invest in the business to support the near- and long-term growth of TJX.

Second Quarter and Full Year Fiscal 2027 Outlook

For the second quarter of Fiscal 2027, the Company is planning consolidated comparable sales to be up 2% to 3%, pretax profit margin to be in the range of 11.4% to 11.5%, and diluted earnings per share to be in the range of $1.15 to $1.17.

For the full year Fiscal 2027, the Company is raising its consolidated comparable sales outlook to be up 3% to 4%. The Company is increasing its pretax profit margin outlook to be in the range of 11.9% to 12.0% and raising its diluted earnings per share outlook to be in the range of $5.08 to $5.15.

The Company is not flowing through the entirety of its first quarter Fiscal 2027 above-plan pretax profit margin and diluted earnings per share performance to its full year Fiscal 2027 outlook. The Company’s full year Fiscal 2027 outlook now assumes that a higher cost of fuel will be in place for the remainder of the year and that it will be unfavorable to pretax profit margin and diluted earnings per share versus its previous outlook.

Stores by Concept

During the fiscal quarter ended May 2, 2026, the Company increased its store count by 48 stores overall to a total of 5,262 stores and increased total square footage by 0.8% versus the prior quarter.

 

Store Locations1

First Quarter FY2027

Gross Square Feet

First Quarter FY2027

(in millions)

 

Beginning

End

Beginning

End

 

 

 

 

 

In the U.S.:

 

 

 

 

TJ Maxx

1,348

1,354

36.3

36.5

Marshalls

1,255

1,265

34.9

35.1

HomeGoods

963

969

22.6

22.8

Sierra

145

153

3.0

3.1

Homesense

79

84

2.2

2.3

In Canada:

 

 

 

 

Winners

316

319

8.7

8.8

HomeSense

162

162

3.8

3.8

Marshalls

111

112

3.0

3.0

In Europe:

 

 

 

 

TK Maxx

673

679

18.5

18.7

Homesense

74

74

1.4

1.4

In Australia:

 

 

 

 

TK Maxx

88

91

1.9

1.9

 

 

 

 

 

TJX

5,214

5,262

136.3

137.4

1Store counts above include both banners within a combo or a superstore.

Impact of Foreign Currency

Changes in foreign currency exchange rates affect the translation of sales and earnings of the Company’s international businesses into U.S. dollars for financial reporting purposes. In addition, ordinary course, inventory-related hedging instruments are marked to market at the end of each quarter. Changes in currency exchange rates can have a material effect on the magnitude of these translations and adjustments when there is significant volatility in currency exchange rates. Given the global operations of the Company, to facilitate comparability, the Company has provided sales growth and inventory on a constant currency basis, which assumes a constant exchange rate between periods for translation based on the rate in effect for the prior period.

The movement in foreign currency exchange rates had a one percentage point positive impact on the Company’s net sales growth in the first quarter of Fiscal 2027 versus the prior year. The overall net impact of foreign currency exchange rates had a $.01 positive impact on first quarter Fiscal 2027 diluted earnings per share.

A table detailing the impact of foreign currency on TJX’s net sales and pretax profit margin, as well as those of its international businesses, can be found in the Investors section of TJX.com.

The foreign currency exchange rate impact to diluted earnings per share does not include the impact currency exchange rates have on various transactions, which the Company refers to as “transactional foreign exchange.”

About The TJX Companies, Inc.

The TJX Companies, Inc., a Fortune 100 company, is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. Our mission is to deliver great value to customers every day. We do this by offering a rapidly changing assortment of quality, fashionable, brand name, and designer merchandise at prices generally 20% to 60% below full-price retailers’ regular prices on comparable merchandise. We operate over 5,200 stores across ten countries, including TJ Maxx, Marshalls, HomeGoods, Homesense, and Sierra in the U.S.; Winners, HomeSense, and Marshalls in Canada; TK Maxx and Homesense in Europe, and TK Maxx in Australia. We also operate e-commerce sites for TJ Maxx, Marshalls, and Sierra in the U.S. and three sites for TK Maxx in Europe. Our value mission extends to our corporate responsibility efforts, which are focused on supporting our Associates, giving back in the communities we serve, the environment, and operating responsibly. Additional information about TJX’s press releases, financial information, and corporate responsibility are available at TJX.com.

First Quarter Fiscal 2027 Earnings Conference Call

At 11:00 a.m. ET today, Ernie Herrman, Chief Executive Officer and President of TJX, will hold a conference call to discuss the Company’s first quarter Fiscal 2027 results, operations, and business trends. A real-time webcast of the call will be available to the public at TJX.com. A replay of the call will also be available by dialing (866) 367-5577 (toll free) or (203) 369-0233 through Tuesday, May 26, 2026, or at TJX.com.

Non-GAAP Financial Information

The Company reports its financial results in accordance with generally accepted accounting principles in the U.S. (GAAP). However, management believes that certain non-GAAP financial measures may provide users of this financial information additional meaningful comparisons between current results and results in prior operating periods and between results in prior periods and expectations for future periods. Management believes that these non-GAAP financial measures can provide additional meaningful reflection of underlying trends of the business because they provide a comparison of historical information that excludes certain items that affect overall comparability. Non-GAAP financial measures used in this press release include sales growth on a constant currency basis and inventory on a constant currency basis. The Company uses these non-GAAP financial measures in making financial, operating, and planning decisions and in evaluating the Company’s performance, including relative to others in the market. Management also uses these non-GAAP measures to consider underlying trends of the Company’s business and believes presenting these measures also provides information to investors and others to assist them in understanding and evaluating trends in the Company’s operating results or measure performance in the same manner as the Company’s management. Non-GAAP financial measures should be considered in addition to, and not as an alternative to, the Company’s reported results prepared in accordance with GAAP. The use of these non-GAAP financial measures may differ from similar measures reported by other companies and may not be comparable to other similarly titled measures.

Important Information at Website

Archived versions of the Company’s conference calls are available in the Investors section of TJX.com after they are no longer available by telephone, as are reconciliations of non-GAAP financial measures to GAAP financial measures and other financial information. The Company routinely posts information that may be important to investors in the Investors section at TJX.com. The Company encourages investors to consult that section of its website regularly.

Cautionary Note Regarding Forward-Looking Statement

This release contains “forward-looking statements.” These forward-looking statements generally can be identified by the use of words such as “aim,” “anticipate,” “approximately,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “plan,” “potential,” “project,” “seek,” “should,” “strive,” “target,” “will,” and “would,” or any variations of these words or other words with similar meanings. These forward-looking statements address various matters that we intend, expect or believe may occur in the future, including, among others, statements regarding the Company’s anticipated operating and financial performance, business plans and prospects, dividends and share repurchases and second quarter and full year Fiscal 2027 outlook. Each forward-looking statement contained in this press release is inherently subject to risks, uncertainties and potentially inaccurate assumptions that could cause actual results to differ materially from those expressed or implied by such statement.

We cannot guarantee that the results and other expectations expressed, anticipated or implied in any forward-looking statement will be realized. Applicable risks and uncertainties include, among others, execution of buying strategy and inventory management; customer trends and preferences; competition; various marketing efforts; operational and business expansion; management of large size and scale; merchandise sourcing and transport; international trade and tariff policies; data security and maintenance and development of information technology systems; labor costs and workforce challenges; personnel recruitment, training and retention; corporate and retail banner reputation; evolving corporate governance and public disclosure regulations and expectations with respect to environmental, social and governance matters; expanding international operations; fluctuations in anticipated quarterly and annual operating results, financial performance, business plan prospects, investments and market expectations; inventory or asset loss; cash flow and plans with respect to long-term indebtedness; mergers, acquisitions, or business investments and divestitures, closings or business consolidations; real estate activities; economic conditions and consumer spending; market instability; severe weather, serious disruptions or catastrophic events; disproportionate impact of disruptions during certain seasons of the fiscal year; commodity availability and pricing; fluctuations in currency exchange rates; fluctuations in fuel prices; compliance with laws, regulations and orders and changes in laws, regulations and applicable accounting standards; outcomes of litigation, legal proceedings and other legal or regulatory matters; quality, safety and other issues with our merchandise; tax matters; and other factors set forth under Item 1A of our most recent Annual Report on Form 10-K for the fiscal year ended January 31, 2026, as well as the other information we file with the U.S. Securities and Exchange Commission (“SEC”).

We caution investors, potential investors and others not to place considerable reliance on the forward-looking statements contained in this release. You are encouraged to read our filings with the SEC and any further disclosures we may make in our future reports to the SEC, available at www.sec.gov, on our website, or otherwise, for a discussion of these and other risks and uncertainties. Our forward-looking statements in this release speak only as of the date of this release, and we undertake no obligation to update or revise any of these statements, even if experience or future changes make it clear that any projected results expressed or implied in such statements will not be realized. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.

The TJX Companies, Inc. and Consolidated Subsidiaries

Financial Summary

(Unaudited)

(In Millions Except Per Share Amounts)

 

 

Thirteen Weeks Ended

 

May 2,

2026

May 3,

2025

Net sales

$

14,323

 

$

13,111

 

Cost of sales, including buying and occupancy costs

 

9,843

 

 

9,246

 

Selling, general and administrative expenses

 

2,794

 

 

2,549

 

Interest (income) expense, net

 

(35

)

 

(30

)

Income before income taxes

 

1,721

 

 

1,346

 

Provision for income taxes

 

389

 

 

310

 

Net income

$

1,332

 

$

1,036

 

Diluted earnings per share

$

1.19

 

$

0.92

 

Cash dividends declared per share

$

0.480

 

$

0.425

 

Weighted average common shares – diluted

 

1,120

 

 

1,132

 

The TJX Companies, Inc. and Consolidated Subsidiaries

Condensed Balance Sheets

(Unaudited)

(In Millions)

 

May 2,

2026

May 3,

2025

Assets

 

 

Current assets:

 

 

Cash and cash equivalents

$

5,580

$

4,255

Accounts receivable and other current assets

 

1,385

 

1,213

Merchandise inventories

 

7,675

 

7,127

Total current assets

 

14,640

 

12,595

Net property at cost

 

8,447

 

7,554

Operating lease right of use assets

 

11,025

 

9,924

Goodwill

 

97

 

95

Other assets

 

1,949

 

1,690

Total assets

$

36,158

$

31,858

Liabilities and shareholders’ equity

 

 

Current liabilities:

 

 

Accounts payable

$

4,854

$

4,414

Accrued expenses and other current liabilities

 

5,288

 

4,753

Current portion of operating lease liabilities

 

1,714

 

1,660

Current portion of long-term debt

 

999

 

Total current liabilities

 

12,855

 

10,827

Other long-term liabilities

 

1,123

 

972

Non-current deferred income taxes, net

 

310

 

154

Long-term operating lease liabilities

 

9,596

 

8,535

Long-term debt

 

1,871

 

2,867

 

 

 

Shareholders’ equity

 

10,403

 

8,503

Total liabilities and shareholders’ equity

$

36,158

$

31,858

The TJX Companies, Inc. and Consolidated Subsidiaries

Condensed Statements of Cash Flows

(Unaudited)

(In Millions)

 

Thirteen Weeks Ended

 

May 2,

2026

May 3,

2025

Cash flows from operating activities:

 

 

Net income

$

1,332

 

$

1,036

 

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

 

336

 

 

296

 

Deferred income tax provision

 

44

 

 

8

 

Share-based compensation

 

42

 

 

33

 

Changes in assets and liabilities:

 

 

Decrease (increase) in accounts receivable and other assets

 

393

 

 

(34

)

(Increase) in merchandise inventories

 

(382

)

 

(604

)

(Increase) decrease in income taxes recoverable

 

(56

)

 

25

 

Increase in accounts payable

 

282

 

 

101

 

(Decrease) in accrued expenses and other liabilities

 

(782

)

 

(540

)

(Decrease) in net operating lease liabilities

 

(5

)

 

(8

)

Other, net

 

(85

)

 

81

 

Net cash provided by operating activities

 

1,119

 

 

394

 

Cash flows from investing activities:

 

 

Property additions

 

(662

)

 

(497

)

Purchase of equity investments

 

(5

)

 

 

Purchases of investments

 

(20

)

 

(17

)

Sales and maturities of investments

 

14

 

 

11

 

Net cash (used in) investing activities

 

(673

)

 

(503

)

Cash flows from financing activities:

 

 

Payments for repurchase of common stock

 

(604

)

 

(613

)

Cash dividends paid

 

(474

)

 

(424

)

Proceeds from issuance of common stock

 

70

 

 

50

 

Other

 

(73

)

 

(61

)

Net cash (used in) financing activities

 

(1,081

)

 

(1,048

)

Effect of exchange rate changes on cash

 

(15

)

 

77

 

Net (decrease) in cash and cash equivalents

 

(650

)

 

(1,080

)

Cash and cash equivalents at beginning of year

 

6,230

 

 

5,335

 

Cash and cash equivalents at end of period

$

5,580

 

$

4,255

 

The TJX Companies, Inc. and Consolidated Subsidiaries

Selected Information by Major Business Segment

(Unaudited)

(In Millions)

 

Thirteen Weeks Ended

 

May 2,

2026

May 3,

2025

Net sales:

 

 

United States:

 

 

Marmaxx

$

8,650

 

$

8,052

 

HomeGoods

 

2,506

 

 

2,254

 

TJX Canada

 

1,285

 

 

1,144

 

TJX International

 

1,882

 

 

1,661

 

Total net sales

$

14,323

 

$

13,111

 

Segment profit:

 

 

United States:

 

 

Marmaxx

$

1,269

 

$

1,107

 

HomeGoods

 

323

 

 

230

 

TJX Canada

 

150

 

 

122

 

TJX International

 

87

 

 

72

 

Total segment profit

$

1,829

 

$

1,531

 

General corporate expense

 

143

 

 

215

 

Interest (income) expense, net

 

(35

)

 

(30

)

Income before income taxes

$

1,721

 

$

1,346

 

The TJX Companies, Inc. and Consolidated Subsidiaries

Notes to Consolidated Condensed Statements

  1. During the first quarter ended May 2, 2026, the Company returned $1.1 billion to shareholders. The Company repurchased and retired 3.8 million shares of its common stock at a cost of $604 million and paid $471 million in shareholder dividends. In February 2026, the Company announced that the Board of Directors had approved a new stock repurchase program that authorizes the repurchase of up to an additional $3.0 billion of TJX common stock from time to time. Under this program and previously announced programs, TJX had approximately $3.5 billion available for repurchase as of May 2, 2026.

 

Debra McConnell

Global Communications

(508) 390-2323

KEYWORDS: United States North America Massachusetts

INDUSTRY KEYWORDS: Home Goods Specialty Online Retail Fashion Cosmetics Discount/Variety Retail Department Stores

MEDIA:

Logo
Logo