TJX Companies (NYSE:TJX) Q4 2026 Earnings call February 25, 2026 11:00 AM ET Company ParticipantsErnie Herrman - Chief Executive Officer and PresidentMichael Binetti - Senior Managing DirectorPaul Lejuez - Managing DirectorSimeon Siegel - Senior Managing DirectorNone - Company RepresentativeConference Call ParticipantsAneesha Sherman - Senior AnalystBrooke Roach - Vice President and Senior Equity AnalystJay Sole - Managing Director and Senior Equity Research AnalystLorraine Hutchinson - Research AnalystMatt ...

TJX Companies (NYSE:TJX) Q4 2026 Earnings call February 25, 2026 11:00 AM ET Speaker8Ladies and gentlemen, thank you for standing by. Welcome to The TJX Companies' fourth quarter fiscal 2026 financial results conference call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. At that time, if you do have a question, you may press star one. As a reminder, this conference is being recorded February 25, 2026. I would like to turn the conference over ...

Core Insights - Ollie's Bargain Outlet is strategically positioned to capitalize on the bankruptcy of Big Lots, allowing it to acquire numerous storefronts and reduce competition in key markets [5][13][14] Company Growth and Strategy - The company has experienced steady growth since its founding in 1982, reaching 559 stores and generating $2.3 billion in annual revenue by the end of 2024 [7] - Ollie's aims for a 40% gross margin by selling closeout and overstock items at lower prices than traditional department stores [3] - The company has opened 54 new stores in the first half of 2025, which is four times the number opened in the same period the previous year [19] Market Position and Competition - Big Lots, once a major competitor with 1,450 stores, faced significant challenges leading to its bankruptcy, which Ollie's has leveraged to expand its market presence [9][11] - The closure of Big Lots locations has resulted in increased foot traffic and sales for Ollie's, with same-store sales rising by 5% in the second quarter of 2025 [15][14] Customer Engagement and Loyalty - Ollie's Army membership has grown to 16.1 million, with members accounting for approximately 80% of sales, and they spend 40% more per visit than non-members [16][19] - The company hosted successful events to engage members, such as Ollie's Day, which contributed positively to sales and member acquisition [23] Future Outlook - Ollie's plans to continue expanding its footprint, targeting 85 new locations in 2025, and believes there is potential for up to 950 stores in the U.S. [21][24] - The company is monitoring additional store closures and bankruptcy opportunities to further enhance its growth strategy [20]