Company: TJX
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0000109198-25-000061
Chunk: 95

Company: TJX COMPANIES INC /DE/
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 2
Chunk 95
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 or retaliatory tariffs.

25

Operating Results as a Percentage of Net Sales

The following table sets forth our consolidated operating results as a percentage of net sales:Thirteen Weeks EndedThirty-Nine Weeks EndedNovember 1,2025November 2,2024November 1,2025November 2,2024Net sales100.0 %100.0 %100.0 %100.0 %Cost of sales, including buying and occupancy costs67.4 68.4 69.0 69.3 Selling, general and administrative expenses20.1 19.5 19.7 19.5 Interest (income) expense, net(0.2)(0.3)(0.2)(0.3)Income before income taxes*12.7 %12.3 %11.5 %11.5 %

*Figures may not foot due to rounding.

Net Sales

Net sales for the quarter ended November 1, 2025 totaled $15.1 billion, a 7% increase versus third quarter fiscal 2025 net sales of $14.1 billion. This increase reflects a 5% increase in comp sales, a 2% increase from non-comp sales and a neutral impact from foreign currency. Net sales from our e-commerce sites combined amounted to approximately 2% of total sales for each of the third quarters of fiscal 2026 and fiscal 2025.

Net sales for the nine months ended November 1, 2025 totaled $42.6 billion, a 7% increase versus the first nine months of fiscal 2025 net sales of $40 billion. This increase reflects a 4% increase in comp sales, a 2% increase from non-comp sales and a 1% positive impact from foreign currency. Net sales from our e-commerce sites combined amounted to approximately 2% of total sales for each of the first nine months of fiscal 2026 and fiscal 2025.

Comp sales increased 5% and 3% for the third quarters of fiscal 2026 and fiscal 2025, respectively. Comp sales increased 4% and 3% for the first nine months of fiscal 2026 and fiscal 2025, respectively. Both apparel comp sales growth (as defined below) and home comp sales growth (as defined below) performed in line with comp sales growth for both the third quarter and first nine months of fiscal 2026. Comp sales for the