The TJX Companies, Inc. Reports Q3 FY25 Results; Comp Store Sales Growth of 3% at High-End of Plan; Pretax Profit Margin of 12.3% and Diluted EPS of $1.14 Both Well Above Plan; Raises FY25 Pretax Profit Margin and EPS Guidance
TJX Companies reported strong Q3 FY25 results with net sales of $14.1 billion, up 6% year-over-year. Comparable store sales increased 3%, driven by higher customer transactions. Net income reached $1.3 billion with diluted earnings per share of $1.14, up 11% from last year. The company's pretax profit margin improved to 12.3%, up 0.3 percentage points. TJX announced expansion plans including entry into Spain with TK Maxx in 2026, completion of joint venture with Grupo Axo in Mexico, and acquisition of a 35% stake in Brands For Less. The company raised its FY25 guidance and returned $997 million to shareholders through dividends and share repurchases.
TJX Companies ha riportato risultati solidi per il terzo trimestre dell'anno fiscale 2025, con vendite nette di 14,1 miliardi di dollari, in aumento del 6% rispetto all'anno precedente. Le vendite comparabili nei negozi sono aumentate del 3%, grazie a un incremento delle transazioni dei clienti. L'utile netto ha raggiunto 1,3 miliardi di dollari con utili per azione diluiti pari a 1,14 dollari, in crescita dell'11% rispetto all'anno scorso. Il margine di profitto ante imposte dell'azienda è migliorato al 12,3%, con un aumento di 0,3 punti percentuali. TJX ha annunciato piani di espansione che includono l'ingresso in Spagna con TK Maxx nel 2026, il completamento della joint venture con Grupo Axo in Messico e l'acquisizione di una partecipazione del 35% in Brands For Less. L'azienda ha anche rivisto al rialzo le previsioni per l'anno fiscale 2025 e ha restituito 997 milioni di dollari agli azionisti tramite dividendi e riacquisti di azioni.
TJX Companies reportó resultados sólidos para el tercer trimestre del año fiscal 2025, con ventas netas de 14,1 mil millones de dólares, un aumento del 6% en comparación con el año anterior. Las ventas comparables en tiendas aumentaron un 3%, impulsadas por un mayor número de transacciones de clientes. El ingreso neto alcanzó los 1,3 mil millones de dólares, con ganancias por acción diluidas de 1,14 dólares, un aumento del 11% respecto al año pasado. El margen de beneficio antes de impuestos de la empresa mejoró al 12,3%, con un incremento de 0,3 puntos porcentuales. TJX anunció planes de expansión que incluyen su entrada en España con TK Maxx en 2026, la finalización de una empresa conjunta con Grupo Axo en México, y la adquisición de una participación del 35% en Brands For Less. La empresa también elevó su guía para el año fiscal 2025 y devolvió 997 millones de dólares a los accionistas a través de dividendos y recompras de acciones.
TJX Companies는 2025 회계연도 3분기 실적을 발표하며 순매출 141억 달러를 기록하여 전년 대비 6% 증가했다고 보고했습니다. 동일 점포 매출은 고객 거래 증가에 힘입어 3% 상승했습니다. 순이익은 13억 달러에 달하며, 희석 주당 이익은 1.14달러로 전년 대비 11% 증가했습니다. 회사의 세전 이익률은 12.3%로 0.3포인트 상승했습니다. TJX는 2026년에 TK Maxx로 스페인 진출, 멕시코의 Grupo Axo와의 합작 투자 완료, Brands For Less의 35% 지분 인수를 포함한 확장 계획을 발표했습니다. 또한, 2025 회계연도 가이던스를 상향 조정하고 주주에게 9억 9700만 달러를 배당금 및 자사주 매입을 통해 환원했습니다.
TJX Companies a annoncé des résultats solides pour le troisième trimestre de l'exercice 2025, avec un chiffre d'affaires net de 14,1 milliards de dollars, en hausse de 6 % par rapport à l'année précédente. Les ventes comparables en magasins ont augmenté de 3 %, soutenues par un plus grand nombre de transactions clients. Le revenu net a atteint 1,3 milliard de dollars, avec un bénéfice par action dilué de 1,14 dollar, soit une augmentation de 11 % par rapport à l'année dernière. La marge de bénéfice avant impôts de l'entreprise a progressé à 12,3 %, soit une hausse de 0,3 point de pourcentage. TJX a annoncé des plans d'expansion, y compris une entrée en Espagne avec TK Maxx en 2026, l'achèvement d'une coentreprise avec Grupo Axo au Mexique et l'acquisition d'une participation de 35 % dans Brands For Less. L'entreprise a également relevé ses prévisions pour l'exercice 2025 et a reversé 997 millions de dollars aux actionnaires par le biais de dividendes et de rachats d'actions.
TJX Companies hat starke Ergebnisse für das dritte Quartal des Geschäftsjahres 2025 gemeldet, mit einem Nettoumsatz von 14,1 Milliarden Dollar, was einem Anstieg von 6% im Jahresvergleich entspricht. Die vergleichbaren Umsätze in den Geschäften stiegen um 3%, was auf eine höhere Kundenanzahl zurückzuführen ist. Der Nettogewinn erreichte 1,3 Milliarden Dollar, mit einem verwässerten Gewinn pro Aktie von 1,14 Dollar, was einem Anstieg von 11% im Vergleich zum Vorjahr entspricht. Die Vorsteuer Gewinnmarge des Unternehmens verbesserte sich auf 12,3%, ein Anstieg um 0,3 Prozentpunkte. TJX gab Expansionspläne bekannt, darunter den Eintritt in Spanien mit TK Maxx im Jahr 2026, den Abschluss des Joint Ventures mit Grupo Axo in Mexiko und den Erwerb einer 35%igen Beteiligung an Brands For Less. Das Unternehmen erhöhte seine Prognosen für das Geschäftsjahr 2025 und gab 997 Millionen Dollar an die Aktionäre in Form von Dividenden und Aktienrückkäufen zurück.
- Net sales increased 6% to $14.1 billion in Q3 FY25
- Diluted EPS grew 11% to $1.14
- Pretax profit margin improved to 12.3%, up 0.3 percentage points
- Comparable store sales increased 3%, driven by customer transactions
- Gross profit margin improved 0.5 percentage points to 31.6%
- Strong cash position with $4.7 billion at quarter end
- Returned $997 million to shareholders in Q3
- Per-store inventory declined 2% year-over-year
- SG&A costs as percent of sales increased 0.1 percentage point
Insights
The Q3 results showcase impressive performance with net sales up 6% to
Strategic expansion moves including the Grupo Axo joint venture in Mexico and
TJX's off-price model continues to resonate strongly with value-seeking consumers. The
The expansion into Mexico through Grupo Axo and Middle East via Brands For Less shows smart targeting of emerging markets with growing middle-class populations. Inventory management remains disciplined, with per-store levels down
-
Q3 consolidated comparable store sales increased
3% , at the high-end of the Company’s plan, and were entirely driven by an increase in customer transactions -
Q3 pretax profit margin of
12.3% , up 0.3 percentage points versus last year and well above the Company’s plan -
Q3 diluted earnings per share of
$1.14 11% versus last year and well above the Company’s plan - Increases outlook for FY25 pretax profit margin and earnings per share
-
Returned
$997 million - Completed investment for its joint venture with Grupo Axo
- After the end of Q3, the Company completed its investment in Brands For Less
-
Planning to enter
Spain with its TK Maxx banner in early 2026
For the first nine months of Fiscal 2025, net sales were
CEO and President Comments
Ernie Herrman, Chief Executive Officer and President of The TJX Companies, Inc., stated, “I am very pleased with our third quarter results and the strong execution of our off-price business fundamentals by our teams. Our comp store sales increase of
Comparable Store Sales by Division
The Company’s comparable store sales by division for the third quarter of Fiscal 2025 and Fiscal 2024 were as follows:
|
Third Quarter Comparable Store Sales1 |
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|
FY2025 |
FY2024 |
||
|
|
|
||
Marmaxx ( |
+ |
+ |
||
HomeGoods ( |
+ |
+ |
||
TJX Canada |
+ |
+ |
||
TJX International ( |
+ |
+ |
||
|
|
|
||
TJX |
+ |
+ |
||
1Comparable store sales excludes e-commerce. 2Includes TJ Maxx, Marshalls, and Sierra stores. 3Includes HomeGoods and Homesense stores. |
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Net Sales by Division
The Company’s net sales by division for the third quarter of Fiscal 2025 and Fiscal 2024 were as follows:
|
Third Quarter Net Sales ($ in millions)1 |
Third Quarter FY2025 Reported Sales Growth |
Third Quarter FY2025 Sales Growth on a Constant Currency Basis2 |
|
|
FY2025 |
FY2024 |
||
|
|
|
|
|
Marmaxx ( |
|
|
+ |
N.A. |
HomeGoods ( |
|
|
+ |
N.A. |
TJX Canada |
|
|
+ |
+ |
TJX International ( |
|
|
+ |
+ |
|
|
|
|
|
TJX |
|
|
+ |
+ |
1Net sales in TJX Canada and TJX International include the impact of foreign currency exchange rates. 2Reflects net sales adjusted for the impact of foreign currency; see Impact of Foreign Currency Exchange Rates, below. 3Includes TJ Maxx, Marshalls, and Sierra stores as well as their e-commerce sites. 4Includes HomeGoods and Homesense stores (and homegoods.com for FY2024 only). 5Includes TK Maxx and Homesense stores, as well as TK Maxx e-commerce sites in |
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Margins
For the third quarter of Fiscal 2025, the Company’s pretax profit margin was
The Company’s third quarter Fiscal 2025 pretax profit margin was above the high-end of its plan by 0.4 percentage points, primarily driven by the timing of certain expenses, expense savings, and higher net interest income.
Gross profit margin for the third quarter of Fiscal 2025 was
Selling, general and administrative (SG&A) costs as a percent of sales for the third quarter of Fiscal 2025 were
Impact of Foreign Currency Exchange Rates
Changes in foreign currency exchange rates affect the translation of sales and earnings of the Company’s international businesses into
The movement in foreign currency exchange rates had a one percentage point positive impact on the Company’s net sales growth in the third quarter of Fiscal 2025 versus the prior year. The overall net impact of foreign currency exchange rates had a
The movement in foreign currency exchange rates had a neutral impact on the Company’s net sales growth in the first nine months of Fiscal 2025 versus the prior year. The overall net impact of foreign currency exchange rates had a
A table detailing the impact of foreign currency on TJX’s net sales and pretax profit margins, as well as those of its international businesses, can be found in the Investors section of TJX.com. The foreign currency exchange rate impact to diluted earnings per share does not include the impact currency exchange rates have on various transactions, which the Company refers to as “transactional foreign exchange.”
Inventory
Total inventories as of November 2, 2024 were
Cash and Shareholder Distributions
For the third quarter of Fiscal 2025, the Company generated
During the third quarter of Fiscal 2025, the Company returned a total of
During the first nine months of Fiscal 2025, the Company returned a total of
The Company now expects to repurchase approximately
Fourth Quarter and Full Year Fiscal 2025 Outlook
For the fourth quarter of Fiscal 2025, the Company continues to expect consolidated comparable store sales to be up
For the full year Fiscal 2025, the Company continues to expect consolidated comparable store sales to be up
As a reminder, last year’s fourth quarter and full year pretax profit margin and earnings per share benefited from an extra week in the Company’s fiscal calendar.
Joint Venture in
During the third quarter of Fiscal 2025, the Company completed its investment in the joint venture with Grupo Axo, S.A.P.I. de C.V. (Axo) an operator of global brands in
Investment in Brands for Less
After the end of the third quarter of Fiscal 2025, the Company completed its investment for a
Stores by Concept
During the fiscal quarter ended November 2, 2024, the Company increased its store count by 56 stores overall to a total of 5,057 stores and increased square footage by
|
Store Locations1 Third Quarter FY2025 |
Gross Square Feet Third Quarter FY2025 (in millions) |
||
|
Beginning |
End |
Beginning |
End |
|
|
|
|
|
In the |
|
|
|
|
TJ Maxx |
1,326 |
1,331 |
35.9 |
36.0 |
Marshalls |
1,204 |
1,219 |
33.8 |
34.2 |
HomeGoods |
930 |
941 |
21.7 |
22.0 |
Sierra |
101 |
109 |
2.1 |
2.3 |
Homesense |
62 |
67 |
1.7 |
1.8 |
In |
|
|
|
|
Winners |
304 |
307 |
8.3 |
8.4 |
HomeSense |
160 |
160 |
3.8 |
3.8 |
Marshalls |
108 |
109 |
2.9 |
2.9 |
In |
|
|
|
|
TK Maxx |
645 |
653 |
17.9 |
18.1 |
Homesense |
77 |
77 |
1.4 |
1.4 |
In |
|
|
|
|
TK Maxx |
84 |
84 |
1.7 |
1.7 |
|
|
|
|
|
TJX |
5,001 |
5,057 |
131.2 |
132.6 |
1Store counts above include both banners within a combo or a superstore. |
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Global Corporate Responsibility Report
During the third quarter of Fiscal 2025, the Company issued its 2024 Global Corporate Responsibility Report, covering programs and progress related to the Company’s four reporting areas of workplace, communities, environmental sustainability, and responsible sourcing. As part of the Company’s voluntary corporate responsibility disclosure, the report also includes greenhouse gas (GHG) emissions and other corporate responsibility-related data tables, as well as an index for select metrics from the Sustainability Accounting Standards Board (SASB) and the United Nations Sustainable Development Goals (UN SDGs). TJX has reported on its corporate responsibility efforts since 2011. More information can be found at TJX.com/responsibility.
About The TJX Companies, Inc.
The TJX Companies, Inc., a Fortune 100 company, is the leading off-price retailer of apparel and home fashions in the
Third Quarter Fiscal 2025 Earnings Conference Call
At 11:00 a.m. ET today, Ernie Herrman, Chief Executive Officer and President of TJX, will hold a conference call to discuss the Company’s third quarter Fiscal 2025 results, operations, and business trends. A real-time webcast of the call will be available to the public at TJX.com. A replay of the call will also be available by dialing (866) 367-5577 (toll free) or (203) 369-0233 through Tuesday, November 26, 2024, or at TJX.com.
Non-GAAP Financial Information
The Company reports its financial results in accordance with generally accepted accounting principles in the
Important Information at Website
Archived versions of the Company’s conference calls are available in the Investors section of TJX.com after they are no longer available by telephone, as are reconciliations of non-GAAP financial measures to GAAP financial measures and other financial information. The Company routinely posts information that may be important to investors in the Investors section at TJX.com. The Company encourages investors to consult that section of its website regularly.
Forward-looking Statement
Various statements made in this release are forward-looking, and are inherently subject to a number of risks and uncertainties. All statements that address activities, events or developments that we intend, expect or believe may occur in the future are forward-looking statements, including, among others, statements regarding the Company’s anticipated operating and financial performance, business plans and prospects, investments, dividends and share repurchases, and fourth quarter and full-year Fiscal 2025 outlook. These statements are typically accompanied by the words “aim,” “anticipate,” “aspire,” “believe,” “continue,” “could,” “should,” “estimate,” “expect,” “forecast,” “goal,” “hope,” “intend,” “may,” “plan,” “project,” “potential,” “seek,” “strive,” “target,” “will,” “would,” or similar words, although not all forward-looking statements contain these identifying words. Each forward-looking statement contained in this press release is inherently subject to risks, uncertainties and potentially inaccurate assumptions that could cause actual results to differ materially from those expressed or implied by such statement. We cannot guarantee that the results and other expectations expressed, anticipated or implied in any forward-looking statement will be realized. Applicable risks and uncertainties include, among others, execution of buying strategy and inventory management; customer trends and preferences; competition; various marketing efforts; operational and business expansion; management of large size and scale; merchandise sourcing and transport; data security and maintenance and development of information technology systems; labor costs and workforce challenges; personnel recruitment, training and retention; corporate and retail banner reputation; evolving corporate governance and public disclosure regulations and expectations with respect to environmental, social and governance matters; expanding international operations; fluctuations in quarterly operating results and market expectations; inventory or asset loss; cash flow; mergers, acquisitions, or business investments and divestitures, closings or business consolidations; real estate activities; economic conditions and consumer spending; market instability; severe weather, serious disruptions or catastrophic events; disproportionate impact of disruptions during this fiscal year; commodity availability and pricing; fluctuations in currency exchange rates; compliance with laws, regulations and orders and changes in laws, regulations and applicable accounting standards; outcomes of litigation, legal proceedings and other legal or regulatory matters; quality, safety and other issues with our merchandise; tax matters; and other factors set forth under Item 1A of our most recent Annual Report on Form 10-K, as well as other information we file with the Securities and Exchange Commission ( “SEC”).
We caution investors, potential investors and others not to place considerable reliance on the forward-looking statements contained in this release. You are encouraged to read any further disclosures we may make in our future reports to the SEC, available at www.sec.gov, on our website, or otherwise. Our forward-looking statements in this release speak only as of the date of this release, and we undertake no obligation to update or revise any of these statements, unless required by law, even if experience or future changes make it clear that any projected results expressed or implied in such statements will not be realized. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
The TJX Companies, Inc. and Consolidated Subsidiaries Financial Summary (Unaudited) (In Millions Except Per Share Amounts) |
||||||||||||
|
Thirteen Weeks Ended |
Thirty-Nine Weeks Ended |
||||||||||
|
November 2, 2024 |
October 28, 2023 |
November 2, 2024 |
October 28, 2023 |
||||||||
|
|
|
|
|
||||||||
Net sales |
$ |
14,063 |
|
$ |
13,265 |
|
$ |
40,010 |
|
$ |
37,806 |
|
|
|
|
|
|
||||||||
Cost of sales, including buying and occupancy costs |
|
9,622 |
|
|
9,139 |
|
|
27,741 |
|
|
26,423 |
|
Selling, general and administrative expenses |
|
2,748 |
|
|
2,578 |
|
|
7,814 |
|
|
7,375 |
|
Interest (income) expense, net |
|
(43 |
) |
|
(41 |
) |
|
(139 |
) |
|
(116 |
) |
|
|
|
|
|
||||||||
Income before income taxes |
|
1,736 |
|
|
1,589 |
|
|
4,594 |
|
|
4,124 |
|
Provision for income taxes |
|
439 |
|
|
398 |
|
|
1,128 |
|
|
1,053 |
|
|
|
|
|
|
||||||||
Net income |
$ |
1,297 |
|
$ |
1,191 |
|
$ |
3,466 |
|
$ |
3,071 |
|
|
|
|
|
|
||||||||
Diluted earnings per share |
$ |
1.14 |
|
$ |
1.03 |
|
$ |
3.03 |
|
$ |
2.65 |
|
|
|
|
|
|
||||||||
Cash dividends declared per share |
$ |
0.375 |
|
$ |
0.3325 |
|
$ |
1.125 |
|
$ |
0.9975 |
|
|
|
|
|
|
||||||||
Weighted average common shares – diluted |
|
1,141 |
|
|
1,158 |
|
|
1,144 |
|
|
1,161 |
|
The TJX Companies, Inc. and Consolidated Subsidiaries Condensed Balance Sheets (Unaudited) (In Millions) |
||||
|
November 2, 2024 |
October 28, 2023 |
||
|
|
|
||
Assets: |
|
|
||
Current assets: |
|
|
||
Cash and cash equivalents |
$ |
4,718 |
$ |
4,290 |
Accounts receivable and other current assets |
|
1,263 |
|
1,231 |
Merchandise inventories |
|
8,371 |
|
8,285 |
|
|
|
||
Total current assets |
|
14,352 |
|
13,806 |
|
|
|
||
Net property at cost |
|
7,136 |
|
6,262 |
|
|
|
||
Operating lease right of use assets |
|
9,570 |
|
9,289 |
Goodwill |
|
95 |
|
94 |
Other assets |
|
1,283 |
|
900 |
|
|
|
||
Total assets |
$ |
32,436 |
$ |
30,351 |
|
|
|
||
Liabilities and shareholders' equity: |
|
|
||
Current liabilities: |
|
|
||
Accounts payable |
$ |
5,617 |
$ |
5,425 |
Accrued expenses and other current liabilities |
|
4,758 |
|
4,533 |
Current portion of operating lease liabilities |
|
1,642 |
|
1,682 |
|
|
|
||
Total current liabilities |
|
12,017 |
|
11,640 |
|
|
|
||
Other long-term liabilities |
|
1,002 |
|
908 |
Non-current deferred income taxes, net |
|
172 |
|
133 |
Long-term operating lease liabilities |
|
8,207 |
|
7,976 |
Long-term debt |
|
2,865 |
|
2,861 |
|
|
|
||
Shareholders’ equity |
|
8,173 |
|
6,833 |
|
|
|
||
Total liabilities and shareholders' equity |
$ |
32,436 |
$ |
30,351 |
|
|
|
||
The TJX Companies, Inc. and Consolidated Subsidiaries Condensed Statements of Cash Flows (Unaudited) (In Millions) |
||||||
|
Thirty-Nine Weeks Ended |
|||||
|
November 2, 2024 |
October 28, 2023 |
||||
Cash flows from operating activities: |
|
|
||||
Net income |
$ |
3,466 |
|
$ |
3,071 |
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
|
Depreciation and amortization |
|
795 |
|
|
712 |
|
Deferred income tax provision |
|
58 |
|
|
13 |
|
Share-based compensation |
|
131 |
|
|
114 |
|
Changes in assets and liabilities: |
|
|
||||
(Increase) in accounts receivable and other assets |
|
(98 |
) |
|
(19 |
) |
(Increase) in merchandise inventories |
|
(2,415 |
) |
|
(2,528 |
) |
(Increase) in income taxes recoverable |
|
(59 |
) |
|
(17 |
) |
Increase in accounts payable |
|
1,760 |
|
|
1,666 |
|
(Decrease) increase in accrued expenses and other liabilities |
|
(141 |
) |
|
156 |
|
(Decrease) increase in net operating lease liabilities |
|
(7 |
) |
|
75 |
|
Other, net |
|
(78 |
) |
|
14 |
|
Net cash provided by operating activities |
|
3,412 |
|
|
3,257 |
|
|
|
|
||||
Cash flows from investing activities: |
|
|
||||
Property additions |
|
(1,404 |
) |
|
(1,280 |
) |
Purchase of equity investment |
|
(192 |
) |
|
— |
|
Purchase of investments |
|
(29 |
) |
|
(22 |
) |
Sales and maturities of investments |
|
18 |
|
|
21 |
|
Net cash (used in) investing activities |
|
(1,607 |
) |
|
(1,281 |
) |
|
|
|
||||
Cash flows from financing activities: |
|
|
||||
Repayment of debt |
|
— |
|
|
(500 |
) |
Payments for repurchase of common stock |
|
(1,661 |
) |
|
(1,687 |
) |
Cash dividends paid |
|
(1,226 |
) |
|
(1,105 |
) |
Proceeds from issuance of common stock |
|
254 |
|
|
203 |
|
Other |
|
(42 |
) |
|
(29 |
) |
Net cash (used in) financing activities |
|
(2,675 |
) |
|
(3,118 |
) |
|
|
|
||||
Effect of exchange rate changes on cash |
|
(12 |
) |
|
(45 |
) |
|
|
|
||||
Net (decrease) in cash and cash equivalents |
|
(882 |
) |
|
(1,187 |
) |
Cash and cash equivalents at beginning of year |
|
5,600 |
|
|
5,477 |
|
|
|
|
||||
Cash and cash equivalents at end of period |
$ |
4,718 |
|
$ |
4,290 |
|
The TJX Companies, Inc. and Consolidated Subsidiaries Selected Information by Major Business Segment (Unaudited) (In Millions) |
||||||||||||
|
Thirteen Weeks Ended |
Thirty-Nine Weeks Ended |
||||||||||
|
November 2, 2024 |
October 28, 2023 |
November 2, 2024 |
October 28, 2023 |
||||||||
Net sales: |
|
|
|
|
||||||||
In |
|
|
|
|
||||||||
Marmaxx |
$ |
8,438 |
|
$ |
8,107 |
|
$ |
24,633 |
|
$ |
23,376 |
|
HomeGoods |
|
2,355 |
|
|
2,208 |
|
|
6,535 |
|
|
6,185 |
|
TJX Canada |
|
1,382 |
|
|
1,317 |
|
|
3,739 |
|
|
3,578 |
|
TJX International |
|
1,888 |
|
|
1,633 |
|
|
5,103 |
|
|
4,667 |
|
Total net sales |
$ |
14,063 |
|
$ |
13,265 |
|
$ |
40,010 |
|
$ |
37,806 |
|
Segment profit: |
|
|
|
|
||||||||
In |
|
|
|
|
||||||||
Marmaxx |
$ |
1,207 |
|
$ |
1,134 |
|
$ |
3,495 |
|
$ |
3,246 |
|
HomeGoods |
|
290 |
|
|
228 |
|
|
679 |
|
|
547 |
|
TJX Canada |
|
209 |
|
|
223 |
|
|
533 |
|
|
532 |
|
TJX International |
|
137 |
|
|
88 |
|
|
271 |
|
|
158 |
|
Total segment profit |
|
1,843 |
|
|
1,673 |
|
|
4,978 |
|
|
4,483 |
|
General corporate expense |
|
150 |
|
|
125 |
|
|
523 |
|
|
475 |
|
Interest (income) expense, net |
|
(43 |
) |
|
(41 |
) |
|
(139 |
) |
|
(116 |
) |
Income before income taxes |
$ |
1,736 |
|
$ |
1,589 |
|
$ |
4,594 |
|
$ |
4,124 |
|
The TJX Companies, Inc. and Consolidated Subsidiaries
Notes to Consolidated Condensed Statements
-
During the third quarter ended November 2, 2024, the Company returned
$997 million $574 million $423 million $2.9 billion $1.7 billion $1.2 billion $2.5 billion $1.9 billion -
During the third quarter ended November 2, 2024, the Company completed its investment in the joint venture with Grupo Axo, S.A.P.I. de C.V. (Axo) for a
49% interest in Multibrand Outlet Stores, S.A.P.I. de C.V., Axo’s off-price, physical store business for$192 million $179 million $13 million
View source version on businesswire.com: https://www.businesswire.com/news/home/20241119733451/en/
Debra McConnell
Global Communications
(508) 390-2323
Source: The TJX Companies, Inc.
FAQ
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