The American trading group TJX Companies Inc. surprisingly strong results for the second quarter of the 2025/26 financial year on Wednesday and increased its forecasts.
The Off-Price specialist, who is represented in Germany with his chain TK Maxx, achieved net sales of $ 14.4 billion (13.3 billion euros) in the 13 weeks before August 2. This corresponded to growth by seven percent compared to the same period in the previous year. The proceeds rose by four percent on a comparable basis. In the course of the quarter, the group opened 13 new branches and now comes to a total of 5,134 locations worldwide.
The net win was $ 1.2 billion in the second quarter (1.1 billion euros). In doing so, he exceeded the level of the same period of the previous year by 13 percent. The diluted profit per share rose by 15 percent to $ 1.10.
CEO and President Ernie Herrman was satisfied with the results. “The sales, input tax profit margin and the profit per share exceeded our expectations,” he emphasized in a statement. The demand was strong in all US and international business areas. The company has successfully implemented its off-price business model, which offered the customer: inside an “exciting treasure hunt” for products at attractive prices.
All areas of the group were able to achieve sales growth on a comparable basis. In the Marmaxx area, which includes the branches of TJ Maxx and Marshalls, the plus was five percent. The HomeGoods segment grew by nine percent. TJX Canada increased by eleven percent, TJX International with the activities in Europe and Australia by 13 percent.
Management sets higher goals
The company’s input tax profit margin was 11.4 percent in the second quarter and thus exceeded the forecast by 0.9 percentage points. The reasons were given lower than expected customs costs and surgical efficiency increases.
With a view to the future, TJX has increased his forecast for the year as a whole for the input tax margin and for the profit per share. The company is currently assuming to buy back shares worth two to 2.5 billion US dollars in the financial year.
For the third quarter, the company expects a increase in sales by two to three percent on a comparable basis. The diluted profit per share is said to be between 1.17 and $ 1.19 and thus increased by three to four percent compared to the previous year.
For the entire financial year, the retailer now expects a increase in sales by three percent on a comparable basis. The company increased its forecast for the input tax profit margin to a range of 11.4 to 11.5 percent. In addition, a diluted profit per share in the range of $ 4.57 is now expected. That would mean an increase of six to seven percent compared to the previous year.
This article was used with digital tools translated.
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