Company: TJX
Filing Date: 2025-05-30
Form Type: 10-Q
Source: 0000109198-25-000043
Chunk: 53

Company: TJX COMPANIES INC /DE/
Filing Date: 2025-05-30
Form: 10-Q
Item: Part I, Item 8
Chunk 53
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X common stock from time to time. Under this program and previously announced programs, TJX had approximately $3 billion available for repurchase as of May 3, 2025.The following table provides share repurchases, excluding applicable excise tax:Thirteen Weeks EndedIn millionsMay 3,2025May 4,2024Total number of shares repurchased and retired5.1 5.3 Total cost$613 $509 All shares repurchased under the stock repurchase programs have been retired. These expenditures were funded by cash on hand and cash generated from operations.

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Earnings Per ShareThe following table presents the calculation of basic and diluted earnings per share:  Thirteen Weeks EndedAmounts in millions, except per share amountsMay 3,2025May 4,2024Basic earnings per share:Net income$1,036 $1,070 Weighted average common shares outstanding for basic earnings per share calculation1,118 1,132 Basic earnings per share$0.93 $0.95 Diluted earnings per share:Net income$1,036 $1,070 Weighted average common shares outstanding for basic earnings per share calculation1,118 1,132 Assumed exercise/vesting of stock options and awards14 14 Weighted average common shares outstanding for diluted earnings per share calculation1,132 1,146 Diluted earnings per share$0.92 $0.93 Cash dividends declared per share$0.425 $0.375 The weighted average common shares for the diluted earnings per share calculation excludes the impact of outstanding stock options if the assumed proceeds per share of the option is in excess of the average price of TJX’s common stock for the related fiscal periods. Such options are excluded because they would have an antidilutive effect. There were 4 million and 5 million antidilutive options excluded for the thirteen weeks ended May 3, 2025 and May 4, 2024, respectively.

Note E. Financial Instruments

As a result of its operating and financing activities, TJX is exposed to market risks from changes in interest and foreign currency exchange rates and fuel costs. These market risks may adversely affect TJX’s operating results and financial position. TJX seeks to minimize risk from changes in interest and foreign currency exchange rates and fuel costs through the use of derivative financial instruments when and to the extent deemed appropriate. TJX does not use derivative financial instruments