Financial Data and Key Metrics - Consolidated comp sales increased by 4%, driven entirely by customer transactions [9] - Pretax profit margin rose to 10.9%, up 50 basis points year-over-year, exceeding the plan by 40 basis points [9] - Gross margin increased by 20 basis points, driven by strong mark-on and freight benefits, partially offset by higher supply chain costs [10] - SG&A decreased by 30 basis points, primarily due to lapping a reserve related to a German government COVID program receivable [10] - Diluted earnings per share (EPS) reached $0.96, up 13% year-over-year and above the plan [10] - Full-year guidance for comp store sales increased to approximately 3%, with consolidated sales expected to range between $55.8 billion and $56.1 billion [24] - Full-year pretax profit margin guidance raised to approximately 11.2%, up 30 basis points from the previous year [24] - Full-year diluted EPS expected to be in the range of $4.09 to $4.13, representing a 9% to 10% increase from the previous year [26] Business Line Performance - Marmaxx, the largest division, saw a 5% increase in comp store sales and a segment profit margin of 14.1%, up 40 basis points year-over-year [11] - HomeGoods comp store sales increased by 2%, with segment profit margin growing to 9.1%, up 40 basis points year-over-year [12] - TJX Canada comp store sales increased by 2%, with segment profit margin on a constant currency basis at 15%, down 70 basis points year-over-year [12] - TJX International comp store sales increased by 1%, with segment profit margin on a constant currency basis at 4.3%, up 230 basis points year-over-year [12] Market Performance - Marmaxx saw strong sales performance across all regions, with apparel and home categories driving growth [11] - HomeGoods and HomeSense are highly differentiated in the home fashion space, with significant opportunities for new store openings in the U.S. home market [12] - TJX International saw growth in both Europe and Australia, with the company confident in its ability to attract value-seeking customers globally [13] Company Strategy and Industry Competition - The company opened its 5,000th store during the quarter, marking a significant milestone and highlighting long-term store growth opportunities [7] - TJX plans to expand its global reach through partnerships with Grupo Axo and Brands for Less, targeting additional countries for off-price retail growth [7] - The company's flexible off-price business model and strong vendor relationships are key differentiators, allowing it to adapt to market trends and maintain a competitive edge [16][18] - TJX aims to grow its store base to nearly 6,300 stores in its current geographies, leveraging its off-price expertise and strong market position [18] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to drive sales and customer transactions in the second half of the year, citing strong product availability and marketing plans [15][17] - The company sees significant opportunities to capture additional market share over the long term, driven by its value leadership and differentiated shopping experience [18] - Management highlighted the importance of maintaining flexibility in buying and planning to capitalize on market trends and customer preferences [16] Other Important Information - Inventory levels decreased by 2%, with the company well-positioned to take advantage of strong product availability for the fall and holiday seasons [14] - The company generated strong cash flow during the quarter, reinvesting in growth initiatives and returning cash to shareholders through buybacks and dividends [14] - TJX announced a minority ownership position in Brands for Less, a profitable off-price retailer based in Dubai, expected to be slightly accretive to EPS starting in fiscal 2026 [19] Q&A Session Summary Question: AUR and Customer Behavior - AUR (Average Unit Retail) was slightly up, with comp sales driven by customer transactions rather than price increases [31][32] - Management emphasized the importance of maintaining a balanced mix of good, better, and best products to appeal to a broad range of customers [36][37] Question: Strategic Rationale for Grupo Axo and Brands for Less Investments - The investments in Grupo Axo and Brands for Less are part of TJX's strategy to expand globally without risking its core business, leveraging its strong management talent and off-price expertise [41][43] Question: International Business Performance - TJX International saw weaker performance in Europe, primarily due to execution issues and challenging economic conditions, but management is confident in the adjustments made to improve results [47] Question: Same-Store Sales Trends and Holiday Outlook - Comp sales improved each month during the quarter, with a strong start to Q3 and positive momentum heading into the holiday season [51][53] Question: Apparel vs. Home Performance in Marmaxx - Marmaxx's home business slightly outpaced HomeGoods, driven by big-ticket items, while both divisions saw similar trends in overlapping categories [57][59] Question: Margin Expansion Opportunities - Management sees opportunities for margin expansion through improved merchandise margins, better inventory management, and growth in the European business [69][71] Question: Macro Consumer Health and Store Payroll Investments - The macro environment varies by region, with challenges in Canada and Europe, but TJX's model is well-positioned to navigate these conditions [74][76] - Store payroll investments are focused on wage increases to remain competitive and address hiring challenges [77] Question: HomeGoods Comp Sales and Margin Framework - Management does not anticipate negative comp sales for HomeGoods in Q3, despite tough comparisons [79] - The margin framework remains consistent, with a 3 to 4 comp driving flat to up 10 basis points in margin [80][81] Question: Market Share Gains and Competition - TJX is gaining market share in both apparel and home categories, with a focus on maintaining value leadership and monitoring competitor pricing [83][87] Question: Opening Price Points and Promotions - TJX maintains a balanced mix of good, better, and best products, with a focus on offering value that is better than competitors [90][93] Question: Financial Rationale for Brands for Less Investment - The 35% stake in Brands for Less was a result of negotiations that balanced the interests of both parties, with TJX confident in the investment's potential for growth and accretion [97][99]

Siripak Pason We have closely been following restaurant and retail stocks for signs of and economic slowdown. Quite frankly, the inputs are mixed. On the one hand, retail sales and consumer confidence prints have been rather positive, but on the other, we have heard a lot of concern on many conference calls from management teams citing a slowing and changing consumer. However, the consumer is voting with their dollar, as they say. While household budgets have been crushed by inflation in living expenses ...

Key TakeawaysTJX, the parent company of retailers like TJ Maxx, HomeGoods, and Marshall's, reported better second-quarter earnings than analysts had expected as value-seeking consumers boost sales.TJX stock rose nearly 6% to record levels after the report was released Wednesday.The retailer also announced an investment in Brands for Less, a discount retailer with locations across the Middle East as TJX looks to expand its international efforts. Shares of TJX Companies (TJX), which operates discount retailer ...

Yes, TJX had a great second quarter. But does its stock now cost too much?Shares of The TJX Companies (TJX 6.13%) -- probably better known to shoppers as T.J. Maxx -- ran up 5.9% through 10:45 a.m. ET after the company announced a beat on both sales and earnings estimates Wednesday morning.Heading into the quarter, analysts forecast TJX would earn $0.92 per share on $13.3 billion in sales. In fact, it earned $0.96 per share, and its revenue approached $13.5 billion. TJX second-quarter earningsTJX reported a ...

The TJX Companies, Inc. (TJX) posted strong second-quarter fiscal 2025 results, wherein the top and bottom lines increased year over year and came ahead of the Zacks Consensus Estimate. Buoyed by strong second-quarter results, management raised its full-year guidance for both the pretax profit margin and earnings per share.The company’s second-quarter performance exceeded expectations, with comparable sales being fueled entirely by higher customer transactions across all divisions. A significant milestone w ...

TJX Companies (NYSE:TJX) just reported results for the second quarter of 2025.TJX Companies reported earnings per share of 96 cents. This was above the analyst estimate for EPS of 92 cents.The company reported revenue of $13.47 billion.This was 1.19% better than the analyst estimate for revenue of $13.31 billion.InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share ...

TJX (TJX) reported $13.47 billion in revenue for the quarter ended July 2024, representing a year-over-year increase of 5.6%. EPS of $0.96 for the same period compares to $0.85 a year ago.The reported revenue represents a surprise of +0.95% over the Zacks Consensus Estimate of $13.34 billion. With the consensus EPS estimate being $0.92, the EPS surprise was +4.35%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next ...

TJX (TJX) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.35%. A quarter ago, it was expected that this parent of T.J. Maxx, Marshalls and other stores would post earnings of $0.87 per share when it actually produced earnings of $0.93, delivering a surprise of 6.90%.Over the last fo ...

Financial Performance - Q2 consolidated comparable store sales increased 4%, driven entirely by an increase in customer transactions[1] - Q2 pretax profit margin was 10.9%, up 0.5 percentage points versus last year[1] - Q2 diluted earnings per share were $0.96, up 13% versus last year[1] - Net sales for Q2 FY25 were $13.5 billion, an increase of 6% versus Q2 FY24[1] - Net sales for the thirteen weeks ended August 3, 2024, were $13.468 billion, compared to $12.758 billion for the same period in 2023, representing a 5.6% increase[27] - Net income for the thirteen weeks ended August 3, 2024, was $1.099 billion, up from $989 million in the same period in 2023, reflecting an 11.1% increase[27] - Diluted earnings per share for the thirteen weeks ended August 3, 2024, were $0.96, compared to $0.85 in the same period in 2023, a 12.9% increase[27] - For FY25, the company raised its pretax profit margin outlook to approximately 11.2% and diluted earnings per share outlook to $4.09 to $4.13[15] Cash Flow and Liquidity - The company generated $1.6 billion of operating cash flow in Q2 and ended the quarter with $5.3 billion of cash[12] - Cash and cash equivalents as of August 3, 2024, were $5.250 billion, up from $4.550 billion as of July 29, 2023, a 15.4% increase[29] - Net cash provided by operating activities for the twenty-six weeks ended August 3, 2024, was $2.366 billion, compared to $2.086 billion for the same period in 2023, a 13.4% increase[31] - The company reported a net cash used in investing activities of $990 million for the twenty-six weeks ended August 3, 2024, compared to $819 million for the same period in 2023[31] Shareholder Returns - The company returned $982 million to shareholders in Q2 through share repurchases and dividends[1] - The company plans to repurchase approximately $2.0 to $2.5 billion of TJX stock during FY25[13] - The company returned $982 million to shareholders in Q2 2024, including $559 million for repurchasing 5.1 million shares and $423 million in dividends[36] - The company returned $1.9 billion to shareholders in the first six months of 2024, including $1.1 billion for repurchasing 10.4 million shares and $800 million in dividends[36] - The company completed the remaining $1.0 billion of its stock repurchase program in Q2 2025[36] - The company announced a new stock repurchase program in February 2024, authorizing up to $2.5 billion in repurchases[36] - As of August 3, 2024, the company had approximately $2.5 billion available for repurchase under the new program[36] Segment Performance - Marmaxx segment net sales for the thirteen weeks ended August 3, 2024, were $8.445 billion, up from $7.903 billion in the same period in 2023, a 6.9% increase[34] - HomeGoods segment net sales for the thirteen weeks ended August 3, 2024, were $2.101 billion, compared to $2.011 billion in the same period in 2023, a 4.5% increase[34] - TJX International segment net sales for the thirteen weeks ended August 3, 2024, were $1.678 billion, up from $1.621 billion in the same period in 2023, a 3.5% increase[34] - Total segment profit for the thirteen weeks ended August 3, 2024, was $1.642 billion, compared to $1.483 billion in the same period in 2023, a 10.7% increase[34] Inventory and Investments - Total inventories as of August 3, 2024 were $6.5 billion, down 2% on a per-store basis versus last year[11] - The company opened 5,000 stores worldwide and signed a definitive agreement to invest approximately $360 million for a 35% ownership stake in Brands For Less[1]

TJX Companies raised its full-year guidance on Wednesday after posting another quarter of strong sales, but its outlook still fell just short of Wall Street's expectations.The discounter behind Marshalls, HomeGoods and TJ Maxx is now expecting full-year earnings to be between $4.09 and $4.13, compared with estimates of $4.14, according to LSEG.For the current quarter, TJX is expecting earnings per share to be between $1.06 and $1.08, compared with estimates of $1.10.Shares rose about 3% in premarket trading ...