Company: TJX
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0000109198-25-000054
Chunk: 103

Company: TJX COMPANIES INC /DE/
Filing Date: 2025-08-29
Form: 10-Q
Item: Part I, Item 2
Chunk 103
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4 %Stores in operation at end of period:TJ Maxx1,340 1,326 Marshalls1,234 1,204 Sierra 127 101 Total2,701 2,631 Selling square footage at end of period (in millions):TJ Maxx30 30 Marshalls27 27 Sierra 2 1 Total59 58 

Net Sales

Net sales for Marmaxx were $8.8 billion for the second quarter of fiscal 2026, an increase of 5% compared to $8.4 billion for the second quarter of fiscal 2025. This increase in the second quarter reflects a 3% increase from comp sales and a 2% increase from non-comp sales.

Net sales for Marmaxx were $16.9 billion for the first six months of fiscal 2026, an increase of 4% compared to $16.2 billion for the first six months of fiscal 2025. This increase in the first six months reflects a 3% increase from comp sales and a 1% increase from non-comp sales.

For both the second quarter and first six months of fiscal 2026, the increase in comp sales was driven by an increase in average basket and an increase in customer transactions. While both Marmaxx home and apparel comp sales growth were positive, home comp sales growth outperformed apparel comp sales growth for both the second quarter and first six months of fiscal 2026. Geographically, comp sales growth was strongest in the South region for both the second quarter and first six months of fiscal 2026.

Segment Profit Margin

Segment profit margin increased to 14.2% for the second quarter of fiscal 2026 compared to 14.1% for the same period last year. The increase in segment profit margin for the second quarter of fiscal 2026 was primarily driven by operational efficiencies in stores partially offset by an increase in occupancy costs and incremental store wages.

Segment profit margin decreased to 14.0% for the first six months of fiscal 2026 compared to 14.1% for the first six months last year. The decrease in segment profit margin for the first six months of fiscal 2026 was primarily driven by an increase in occupancy costs and incremental store wages partially offset by operational efficiencies in stores.

Our Marmaxx e-commerce sites, tjmaxx.com and marshalls.com, together with sierra.com, represented approximately