Framingham, Mass. – TJX Cos. delivered above-plan results on both the top- and bottom-line in Q4, pushing annual sales past $60 billion for the first time in the company’s history.
“We had an excellent fourth quarter, with sales, profitability and earnings per share all well above our plan,” said Ernie Herrman, CEO and President.
Net sales for the fourth quarter ended Jan. 31 rose 9% to $17.7 billion, with consolidated comparable sales up 5%.
In the Marmaxx division (U.S. TJMaxx and Marshalls stores), sales were up 7% to $10.7 billion, with comp up 5% on top of 4% growth in the previous year’s Q4.
Sales at HomeGoods U.S., which also include revenues from U.S. Homesense stores, increased 8% to $3.1 billion. Comp rose 6% on top of a 6% increase in the prior-year quarter.
Top-line growth was even heftier outside the U.S. market. TJX Canada‘s sales jumped 11% to $1.6 billion, while sales at TJX International (Europe and Australia) climbed 15% to $2.4 billion.
Fourth quarter net income was $1.8 billion and diluted earnings per share were $1.58, up 28% versus $1.23 in the prior-year period. Excluding a net benefit of $.15 from a litigation settlement and related expenses, adjusted diluted earnings per share for the fourth quarter were $1.43, up 16% versus the prior year.
“Throughout the year, we stayed focused on our off-price fundamentals to bring customers great values, brands and fashions as well as an exciting treasure-hunt shopping experience every day,” said Herrman.
Full fiscal year sales increased 7% to $60.4 billion, with consolidated comp up 5%.
Marmaxx sales for the year rose 6% to $36.6% billion. Sales at HomeGoods/Homesense U.S. increased 8% to $10.2 billion. TJX Canada sales were up 8% to $5.2 billion. TJX International clocked an 11% sales increase, driving the division’s annual sales to $7.99 billion.
Fiscal year net income was $5.5 billion and diluted earnings per share were $4.87, up 14% versus $4.26 in the previous fiscal year. Excluding a net benefit of $0.14 from a litigation settlement and related expenses, adjusted diluted EPS for the full year was $4.73, up 11% versus the prior year.
This morning, TJX. Cos. also issued its guidance for the new fiscal year. The company expects consolidated comp sales to be up 2% to 3%, pretax profit margin to be in the range of 11.7% to 11.8%, and diluted earnings per share to be in the range of $4.93 to $5.02.
“As we begin 2026, the first quarter is off to a strong start and availability of quality merchandise continues to be outstanding,” said Herrman. “Long term, we are excited about the opportunities we see to keep growing our business and capture additional market share around the world for many years to come.”
