Company: TJX
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0000109198-25-000054
Chunk: 85

Company: TJX COMPANIES INC /DE/
Filing Date: 2025-08-29
Form: 10-Q
Item: Part I, Item 8
Chunk 85
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August 2,2025August 3,2024Net sales$1,381 $1,244 $2,525 $2,357 Segment profit$221 $187 $343 $324 Segment profit margin16.0 %15.0 %13.6 %13.7 %Comp sales9 %2 %7 %3 %Stores in operation at end of period:Winners311 304 HomeSense161 160 Marshalls110 108 Total582 572 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 $1.4 billion for the second quarter of fiscal 2026, an increase of 11%, compared to $1.2 billion for the second quarter of fiscal 2025. This increase in the second quarter reflects a 9% increase in comp sales, a 2% increase in non-comp sales and a neutral foreign currency impact.

Net sales for TJX Canada were $2.5 billion for the first six months of fiscal 2026, an increase of 7%, compared to $2.4 billion for the first six months of fiscal 2025. This increase in the first six months reflects a 7% increase in comp sales, a 2% increase in non-comp sales, partially offset by a negative foreign currency impact of 2%.

The increase in comp sales for both the second quarter and first six months of fiscal 2026 was driven by an increase in customer transactions.

Segment Profit Margin

Segment profit margin increased to 16.0% for the second quarter of fiscal 2026 compared to 15.0% for the same period last year. This increase for the second quarter of fiscal 2026 was primarily driven by expense leverage on higher comp sales and operational efficiencies in supply chain and stores partially offset by incremental store wages.

Segment profit margin decreased to 13.6% for the first six months of fiscal 2026 compared to 13.7% for the same period last year. This decrease for the first six months of fiscal 2026 was primarily driven by lower merchandise margin partially offset by expense leverage on higher comp sales. Merchandise margin reflects the negative impact of transactional foreign exchange on the cost of merchandise within markon and higher markdowns partially offset by lower freight costs