Company: TJX
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0000109198-25-000061
Chunk: 82

Company: TJX COMPANIES INC /DE/
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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 increase for the first nine months of fiscal 2026. Geographically, comp sales growth was strongest in the South and Midwest regions for the third quarter of fiscal 2026 and in the South region for the first nine months of fiscal 2026.

Segment Profit Margin

Segment profit margin increased to 14.9% for the third quarter of fiscal 2026 compared to 14.3% for the same period last year. The increase in segment profit margin for the third quarter of fiscal 2026 was primarily driven by favorable merchandise margin and expense leverage on higher comp sales, partially offset by incremental store wage and payroll costs. Merchandise margin reflects lower freight costs and lower shrink accrual rates in the current year.

Segment profit margin increased to 14.3% for the first nine months of fiscal 2026 compared to 14.2% for the first nine months last year. The increase in segment profit margin for the first nine months of fiscal 2026 was primarily driven by favorable merchandise margin partially offset by incremental store wage and payroll costs and higher incentive compensation costs. Merchandise margin reflects lower shrink accrual rates in the current year.

Our Marmaxx e-commerce sites, tjmaxx.com and marshalls.com, together with sierra.com, represented approximately 2% of Marmaxx’s net sales for both the third quarter and first nine months of fiscal 2026 and fiscal 2025, and did not have a significant impact on year-over-year segment margin comparisons.

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HomeGoods

 Thirteen Weeks EndedThirty-Nine Weeks EndedU.S. dollars in millionsNovember 1,2025November 2,2024November 1,2025November 2,2024Net sales$2,539 $2,355 $7,079 $6,535 Segment profit$344 $290 $802 $679 Segment profit margin13.5 %12.3 %11.3 %10.4 %Comp sales5 %3 %5 %3 %Stores in operation at end of period:HomeGoods958 941 Homesense77 67 Total1,035 1,008 Selling square footage at end of period (in millions):HomeGoods18 17 Homesense2 2 Total20 19 

Net Sales

Net sales for HomeGoods were $2.5 billion for the third quarter of fiscal 2026, an increase of