Company: TJX
Filing Date: 2025-05-30
Form Type: 10-Q
Source: 0000109198-25-000043
Chunk: 90

Company: TJX COMPANIES INC /DE/
Filing Date: 2025-05-30
Form: 10-Q
Item: Part I, Item 2
Chunk 90
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 the first quarter of fiscal 2026.

Segment Profit Margin

Segment profit margin decreased to 13.7% for the first quarter of fiscal 2026 compared to 14.2% for the same period last year. The decrease in segment profit margin for the first quarter of fiscal 2026 was primarily driven by expense deleverage on occupancy and administrative costs and the year-over-year impact from an employee retention credit reserve release benefit last year.

Our Marmaxx e-commerce sites, tjmaxx.com and marshalls.com, together with sierra.com, represented approximately 3% of Marmaxx’s net sales for the first quarter 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 EndedU.S. dollars in millionsMay 3,2025May 4,2024Net sales$2,254 $2,079 Segment profit$230 $198 Segment profit margin10.2 %9.5 %Comp sales4 %4 %Stores in operation at end of period:HomeGoods950 922 Homesense75 59 Total1,025 981 Selling square footage at end of period (in millions):HomeGoods17 17 Homesense2 1 Total19 18 

Net Sales

Net sales for HomeGoods were $2.3 billion for the first quarter of fiscal 2026, an increase of 8%, compared to $2.1 billion for the first quarter of fiscal 2025. This increase in the first quarter reflects a 4% increase from comp sales and a 4% increase from non-comp sales.

For the first quarter of fiscal 2026, the increase in comp sales was driven by an increase in customer transactions. Geographically, comp sales growth was strongest in the West region for the first quarter of fiscal 2026.

Segment Profit Margin

Segment profit margin increased to 10.2% for the first quarter of fiscal 2026 compared to 9.5% for the same period last year. This increase in segment profit margin for the first quarter of fiscal 2026 was primarily driven by lower supply chain costs, partially offset by the year-over-year impact from an employee retention credit reserve release benefit last year.

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FOREIGN SEGMENTS

TJX Canada Thirteen Weeks EndedU.S. dollars in millionsMay 3,2025