Sector: Consumer Discretionary|Industry: Apparel Retail|Market Cap: $140.35B|Employees: 349K
TJX Companies, Inc. operates as an off-price apparel and home fashions retailer, with over 4,900 stores and six e-commerce sites. The company's primary revenue streams are from the sale of brand name and designer merchandise at prices significantly below those of full-price retailers, creating a value proposition that attracts a wide range of customers. TJX's opportunistic buying strategies and flexible business model differentiate it from traditional retailers, giving it a competitive advantage in the market.
The company reported a 6% increase in net sales, rising to $12.5 billion for the first quarter of fiscal 2025, compared to $11.8 billion in the same period last year. This growth was driven by both a 3% increase in comp store sales and a 3% increase from non-comp store sales.
Diluted earnings per share increased to $0.93 for the first quarter of fiscal 2025, compared to $0.76 for the same period in fiscal 2024. This represents a substantial improvement in profitability.
The pre-tax profit margin increased to 11.1% for the first quarter of fiscal 2025, an 0.8 percentage point increase compared to 10.3% in the first quarter of fiscal 2024, indicating improved profitability.