Company: TJX
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0000109198-25-000054
Chunk: 95

Company: TJX COMPANIES INC /DE/
Filing Date: 2025-08-29
Form: 10-Q
Item: Part I, Item 2
Chunk 95
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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The Thirteen Weeks (second quarter) and Twenty-Six Weeks (six months) Ended August 2, 2025

Compared to

The Thirteen Weeks (second quarter) and Twenty-Six Weeks (six months)  Ended August 3, 2024

OVERVIEW

We are the leading off-price apparel and home fashions retailer in the U.S. and worldwide. Our mission is to deliver great value to our customers every day. We do this by selling a rapidly changing assortment of apparel, home fashions and other merchandise at prices generally 20% to 60% below full-price retailers’ (including department, specialty and major online retailers) regular prices on comparable merchandise, every day through our stores and six e-commerce sites. We operate over 5,100 stores through our four segments: in the U.S., Marmaxx (which operates TJ Maxx, Marshalls, tjmaxx.com and marshalls.com) and HomeGoods (which operates HomeGoods and Homesense); TJX Canada (which operates Winners, HomeSense and Marshalls in Canada); and TJX International (which operates TK Maxx, Homesense, tkmaxx.com, tkmaxx.de, and tkmaxx.at in Europe, and TK Maxx in Australia). In addition to our four segments, Sierra operates retail stores and sierra.com in the U.S. The results of Sierra are included in the Marmaxx segment.

RESULTS OF OPERATIONS

As an overview of our financial performance, results for the quarter ended August 2, 2025 include the following:

–Net sales increased 7% to $14.4 billion for the second quarter of fiscal 2026 versus last year’s second quarter sales of $13.5 billion. As of August 2, 2025, the number of stores in operation increased approximately 3% and the selling square footage increased approximately 2% compared to the end of the second quarter of fiscal 2025. 

–Consolidated comp sales increased 4% for the second quarter of fiscal 2026. See Net Sales below for our definition of comp sales.

–Diluted earnings per share for the second quarter of fiscal 2026 were $1.10 versus $0.96 in the second quarter of fiscal 2025.

–Pre-tax profit margin (the ratio of pre-tax income to net sales) for the second quarter