Off-price retailer TJX has reported strong earnings for Q4 and the fiscal year 2025, which ended on 1 February 2025.
The company saw its comparable sales rise by 5% while net sales were down to $16.3 billion, compared to $16.4 billion the year prior.
Total net sales for the full fiscal year rose by 4% to $56.4 billion, while the consolidated same-store sales increased by 4%.
Additionally, the company achieved a net income increase of 10% to $4.9 billion, driven by rising purchases across its multiple banners, including TJ Maxx, Marshalls, and HomeGoods.
Ernie Herrman, TJX’s CEO and president, said: “Our fourth quarter sales, profitability, and earnings per share were all well above our expectations.
“I am particularly pleased that our overall comparable store sales growth of 5% for the quarter was due to strong increases in comparable sales and customer transactions at every division.
The company plans to execute global expansion in the upcoming years, with an increase in anticipated stores due to higher sales.
Herrman added: ‘’Further, we continue to see a significant opportunity to grow our global store base.
“We are increasing our long-term store potential to a total of 7,000 stores or over 1,900 more stores in just our existing and announced geographies.”
“This now reflects the long-term potential for HomeGoods to expand to 1,800 stores, Sierra to expand to 325 stores, and our base in Spain to grow to 100 stores.”
In the past year, the Massachusetts-based company expanded its global footprint and opened 131 new stores under its portfolio, bringing the total number of operating stores to 5,085.
For the upcoming fiscal year, the company expects comparable sales to be up by 2 to 3% and expects diluted-per-share earnings to range between $4.34 and $4.43.
Click here to sign up to Retail Gazette‘s free daily email newsletter
