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's net sales for the quarter ended August 3, 2024, reached $13.5 billion, a 6% increase compared to $12.8 billion in the same quarter of the previous year. This growth was driven by a 4% increase in comp store sales and a 2% increase from non-comp store sales.
Diluted earnings per share for the second quarter of fiscal 2025 were $0.96, up from $0.85 in the second quarter of fiscal 2024. This reflects improved profitability and operational efficiency.
The pre-tax profit margin for the second quarter of fiscal 2025 was 10.9%, a 0.5 percentage point increase compared to 10.4% in the second quarter of fiscal 2024, indicating improved profitability.