TJX Companies Files Q3 2025 10-Q

TL;DR

TJX Q3 2025 10-Q is in, check the numbers.

AI Summary

TJX Companies Inc. filed its 10-Q for the period ending November 2, 2024. The company reported its financial results, including details on its cost of goods and services sold, and selling, general, and administrative expenses. The filing covers the third quarter of fiscal year 2025, with financial data presented for periods ending November 2, 2024, and October 28, 2023.

Why It Matters

This filing provides investors with the latest financial performance data for TJX Companies, crucial for understanding the company's profitability and operational efficiency in the current retail environment.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Numbers

• 2024-11-02 — Period End Date (Latest reporting period)
• 2023-10-28 — Prior Year Period End Date (Comparison period)

Key Players & Entities

• TJX COMPANIES INC /DE/ (company) — Filer
• 20241102 (date) — Period of Report
• 20241204 (date) — Filing Date
• 770 COCHITUATE RD (address) — Business Address
• FRAMINGHAM (city) — Business Address City
• MA (state) — Business Address State
• 01701 (zip_code) — Business Address Zip
• 508-390-1000 (phone_number) — Business Phone
• ZAYRE CORP (company) — Former Company Name
• 19890625 (date) — Date of Name Change

FAQ

Key Financial Figures

• $1.00 — ich registered Common Stock, par value $1.00 per share TJX New York Stock Exchange

Filing Documents

• tjx-20241102.htm (10-Q) — 1268KB
• tjx-20241102xex311.htm (EX-31.1) — 14KB
• tjx-20241102xex312.htm (EX-31.2) — 14KB
• tjx-20241102xex321.htm (EX-32.1) — 5KB
• tjx-20241102xex322.htm (EX-32.2) — 5KB
• 0000109198-24-000059.txt ( ) — 6811KB
• tjx-20241102.xsd (EX-101.SCH) — 36KB
• tjx-20241102_cal.xml (EX-101.CAL) — 56KB
• tjx-20241102_def.xml (EX-101.DEF) — 135KB
• tjx-20241102_lab.xml (EX-101.LAB) — 492KB
• tjx-20241102_pre.xml (EX-101.PRE) — 326KB
• tjx-20241102_htm.xml (XML) — 1188KB

Consolidated Financial Statements

ITEM 1. Consolidated Financial Statements 3 Consolidated Statements of Income 3 Consolidated Statements of Comprehensive Income 4 Consolidated Balance Sheets 5 Consolidated Statements of Cash Flows 6 Consolidated Statements of Shareholders' Equity 7

Notes To Consolidated Financial Statements

Notes To Consolidated Financial Statements 9

Management's Discussion and Analysis of Financial Condition and Results of Operations

ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 22

Quantitative and Qualitative Disclosures about Market Risk

ITEM 3. Quantitative and Qualitative Disclosures about Market Risk 33

Controls and Procedures

ITEM 4. Controls and Procedures 33 PART II

Legal Proceedings

ITEM 1. Legal Proceedings 34

Risk Factors

ITEM 1A. Risk Factors 34

Unregistered Sales of Equity Securities and Use of Proceeds

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 34

Other Information

ITEM 5. Other Information 34

Exhibits

ITEM 6. Exhibits 35 SIGNATURE 35 2

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Consolidated Financial Statements

Item 1. Consolidated Financial Statements THE TJX COMPANIES, INC. CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) IN MILLIONS EXCEPT PER SHARE AMOUNTS Thirteen Weeks Ended Thirty-Nine Weeks Ended November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Net sales $ 14,063 $ 13,265 $ 40,010 $ 37,806 Cost of sales, including buying and occupancy costs 9,622 9,139 27,741 26,423 Selling, general and administrative expenses 2,748 2,578 7,814 7,375 Interest (income) expense, net ( 43 ) ( 41 ) ( 139 ) ( 116 ) Income before income taxes 1,736 1,589 4,594 4,124 Provision for income taxes 439 398 1,128 1,053 Net income $ 1,297 $ 1,191 $ 3,466 $ 3,071 Basic earnings per share $ 1.15 $ 1.04 $ 3.07 $ 2.68 Weighted average common shares – basic 1,127 1,144 1,130 1,148 Diluted earnings per share $ 1.14 $ 1.03 $ 3.03 $ 2.65 Weighted average common shares – diluted 1,141 1,158 1,144 1,161 The accompanying notes are an integral part of the unaudited Consolidated Financial Statements. 3 THE TJX COMPANIES, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) IN MILLIONS Thirteen Weeks Ended November 2, 2024 October 28, 2023 Net income $ 1,297 $ 1,191 Additions to other comprehensive (loss), net of tax: Foreign currency translation adjustments, net of related tax benefits of $ 1 in fiscal 2025 and $ 4 in fiscal 2024 ( 15 ) ( 102 ) Reclassifications from other comprehensive (loss), net of tax, to net income: Amortization of prior service cost and deferred gains, net of related tax provisions of $ 0.1 in fiscal 2025 and $ 0.2 in fiscal 2024 0 0 Other comprehensive (loss), net of tax ( 15 ) ( 102 ) Total comprehensive income $ 1,282 $ 1,089 Thirty-Nine Weeks Ended November 2, 2024 October 28, 2023 Net income $ 3,466 $ 3,071 Additions to other comprehensive (loss), net of tax: Foreign currency translation adjustments, net of related tax benefits of $ 4 in fiscal 2025 and $ 3 in fiscal 2024 ( 15 ) ( 48 ) Reclassificat

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Note A. Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation The Consolidated Financial Statements and Notes thereto have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information. These Consolidated Financial Statements and Notes thereto are unaudited and, in the opinion of management, reflect all normal recurring adjustments, accruals and deferrals among periods required to match costs properly with the related revenue or activity, considered necessary by The TJX Companies, Inc. (together with its subsidiaries, "TJX") for a fair statement of its Consolidated Financial Statements for the periods reported, all in conformity with GAAP consistently applied. The Consolidated Financial Statements and Notes thereto should be read in conjunction with the audited Consolidated Financial Statements, including the related notes, contained in TJX's Annual Report on Form 10-K for the fiscal year ended February 3, 2024 ("fiscal 2024"). These interim results are not necessarily indicative of results for the full fiscal year. TJX's business, in common with the businesses of retailers generally, is subject to seasonal influences, with higher levels of sales and income generally realized in the second half of the year. The February 3, 2024 balance sheet data was derived from audited Consolidated Financial Statements and does not include all disclosures required by GAAP. Fiscal Year TJX's fiscal year ends on the Saturday nearest to the last day of January of each year. The current fiscal year ends February 1, 2025 ("fiscal 2025") and is a 52-week fiscal year. Fiscal 2024 was a 53-week fiscal year. "Fiscal 2026" will be a 52-week fiscal year and will end January 31, 2026. "Fiscal 2027" will be a 52-week fiscal year and will end January 30, 2027. Use of Estimates The preparation of financial statements, in

View Full Filing

View this 10-Q filing on SEC EDGAR