UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (mark one) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended August 3, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 1-4908 The TJX Companies, Inc. (Exact name of registrant as specified in its charter) Delaware 04-2207613 (State or other jurisdiction ...

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PARAGUAY - 2024/08/19: In this photo illustration, the TJX Companies, Inc. logo is displayed on a ... [+] smartphone screen. (Photo Illustration by Jaque Silva/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesNote: TJX fiscal year 2024 ended February 3, 2024The TJX Companies stock (NYSE: TJX), an off-price retailer that owns Marshalls, TJ Maxx, and HomeGoods, rose 6.1% on 21st August, as compared to a 0.4% increase in the S&P 500 index. In sharp contrast, TJX’s peer Target st ...

Several analysts raised their price targets for The TJX Companies, Inc. TJX following yesterday’s strong second-quarter results.TJX reported EPS of $0.96 (+13%) and $13.468 billion in sales, which exceeded estimates, driven by a 4% rise in comparable store sales.The company raised its FY25 EPS outlook to $4.09-$4.13 and expects third-quarter EPS between $1.06 and $1.08, despite slightly missing estimates.BofA Securities analyst Lorraine Hutchinson raised the price target to $135 from $115 while maintaining ...

TJX Companies NYSE: TJX stock price surged following the Q2 earnings release because its quality operations and market conditions combined to drive better-than-expected results, leading to improved guidance. The reason it will continue to rise is the analysts. The analysts' response to the news is overwhelmingly bullish, leading this stock to higher highs because off-price retail is hot. TJX Companies TodayTJXTJX Companies$120.23 +6.92 (+6.11%) 52-Week Range$86.71▼$120.89Dividend Yield1.25%P/E Ratio29.83Pri ...

TJ Maxx/Marshalls’ parent TJX continues to benefit from value-chasing consumers.The discount retail company released earnings Wednesday (Aug. 21) showing sales up 6% for the half year and 4% for the quarter, while raising its guidance in anticipation of the fall and holiday shopping seasons.“We’re convinced that consumers will keep seeking value,” CEO Ernie Herman told analysts during an earnings call. “We believe our strategy of trading across a broad range of income and age demographics differentiates us ...

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 ...