Company: TJX
Filing Date: 2025-12-02
Form Type: 10-Q
Source: 0000109198-25-000061
Chunk: 37

Company: TJX COMPANIES INC /DE/
Filing Date: 2025-12-02
Form: 10-Q
Item: Part I, Item 1
Chunk 37
---
 partially offset by expense leverage on higher comp sales and higher merchandise margin. Within merchandise margin, lower markon, driven by the negative impact of transactional foreign exchange on the cost of merchandise, was more than offset by lower freight costs.

Segment profit margin decreased to 14.1% for the first nine months of fiscal 2026 compared to 14.3% for the same period last year. This decrease for the first nine months of fiscal 2026 was primarily driven by lower merchandise margin, capitalized inventory costs and incremental store wage and payroll costs. Merchandise margin reflects lower markon which includes the negative impact of transactional foreign exchange on the cost of merchandise partially offset by lower freight costs. These costs were partially offset by expense leverage on higher comp sales.

For both periods presented, capitalized inventory costs reflect a greater portion of our buying and distribution costs being expensed in the current year compared to the respective periods in the prior year.

32

TJX International Thirteen Weeks EndedThirty-Nine Weeks EndedU.S. dollars in millionsNovember 1,2025November 2,2024November 1,2025November 2,2024Net sales$2,049 $1,888 $5,603 $5,103 Segment profit$188 $137 $359 $271 Segment profit margin9.2 %7.3 %6.4 %5.3 %Comp sales3 %7 %4 %4 %Stores in operation at end of period:TK Maxx672 653 Homesense74 77 TK Maxx Australia87 84 Total833 814 Selling square footage at end of period (in millions):TK Maxx13 13 Homesense1 1 TK Maxx Australia1 1 Total15 15 

Net Sales

Net sales for TJX International were $2 billion for the third quarter of fiscal 2026, an increase of 9%, compared to $1.9 billion for the third quarter of fiscal 2025. This increase in the third quarter reflects a positive foreign currency impact of 4%, a 3% increase in comp sales and a 2% increase in non-comp sales.

Net sales for TJX International were $5.6 billion for the first nine months of fiscal 2026, an increase of 10%, compared to $5.1 billion for the first nine months of fiscal 2025. This