Company: TJX
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0000109198-25-000054
Chunk: 97

Company: TJX COMPANIES INC /DE/
Filing Date: 2025-08-29
Form: 10-Q
Item: Part I, Item 2
Chunk 97
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 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 EndedTwenty-Six Weeks EndedAugust 2,2025August 3,2024August 2,2025August 3,2024Net sales100.0 %100.0 %100.0 %100.0 %Cost of sales, including buying and occupancy costs69.3 69.6 69.9 69.8 Selling, general and administrative expenses19.5 19.8 19.5 19.5 Interest (income) expense, net(0.2)(0.3)(0.2)(0.4)Income before income taxes*11.4 %10.9 %10.9 %11.0 %

*Figures may not foot due to rounding.

Net Sales

Net sales for the quarter ended August 2, 2025 totaled $14.4 billion, a 7% increase versus second quarter fiscal 2025 net sales of $13.5 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 second quarters of fiscal 2026 and fiscal 2025.

Net sales for the six months ended August 2, 2025 totaled $27.5 billion, a 6% increase versus the first six months fiscal 2025 net sales of $25.9 billion. This increase reflects a 4% 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 first six months of fiscal 2026 and fiscal 2025.

Comp sales increased 4% for both the second quarters of fiscal 2026 and fiscal 2025. Comp sales increased 4% and 3% for the first six months of fiscal 2026 and fiscal 2025, respectively. While both home comp sales growth (as defined below) and apparel comp sales growth (as defined below) were positive, home comp sales growth outperformed apparel comp sales growth for both the second quarter and first six months of fiscal 2026. Comp