Company: TJX
Filing Date: 2025-05-30
Form Type: 10-Q
Source: 0000109198-25-000043
Chunk: 91

Company: TJX COMPANIES INC /DE/
Filing Date: 2025-05-30
Form: 10-Q
Item: Part I, Item 2
Chunk 91
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May 4,2024Net sales$1,144 $1,113 Segment profit$122 $137 Segment profit margin10.7 %12.3 %Comp sales5 %4 %Stores in operation at end of period:Winners310 303 HomeSense161 158 Marshalls110 106 Total581 567 Selling square footage at end of period (in millions):Winners7 7 HomeSense3 3 Marshalls2 2 Total12 12 

Net Sales

Net sales for TJX Canada were $1.1 billion for the first quarter of fiscal 2026, an increase of 3%, compared to $1.1 billion for the first quarter of fiscal 2025. This increase in the first quarter reflects a 5% increase in comp sales, a 2% increase in non-comp sales, partially offset by a negative foreign currency impact of 4%.

The increase in comp sales for the first quarter of fiscal 2026 was driven by an increase in customer transactions.

Segment Profit Margin

Segment profit margin decreased to 10.7% for the first quarter of fiscal 2026 compared to 12.3% for the same period last year. This decrease for the first quarter of fiscal 2026 was primarily driven by lower merchandise margin and the unfavorable impact of transactional foreign exchange. Merchandise margin reflects higher markdowns and the negative impact of transactional foreign exchange on the cost of merchandise within markon.

29

TJX International Thirteen Weeks EndedU.S. dollars in millionsMay 3,2025May 4,2024Net sales$1,661 $1,537 Segment profit$72 $61 Segment profit margin4.3 %4.0 %Comp sales5 %2 %Stores in operation at end of period:TK Maxx662 644 Homesense74 78 TK Maxx Australia84 82 Total820 804 Selling square footage at end of period (in millions):TK Maxx13 13 Homesense1 1 TK Maxx Australia1 1 Total15 15 

Net Sales

Net sales for TJX International were $1.7 billion for the first quarter of fiscal 2026, an increase of 8%, compared to $1.5 billion for the first quarter of fiscal 2025. This increase in the first quarter