The American trading group TJX Companies Inc. was able to increase its sales again in the first quarter of the 2025/26 financial year. The profit missed the corresponding previous year’s level, but exceeded the forecast of management. This emerges from current figures that the off-price specialist, who is represented in Europe with its chains TK Maxx and Homeeseense, presented on Wednesday.
In view of the recent development, Ernie Herrman, the CEO and President of the Group, took a positive balance: “I am very satisfied with our results in the first quarter,” he said in a statement. “The total turnover rose by three percent on a comparable area and was therefore at the top of our planning, and both profitability and profit per share were above our expectations.”
In the opening quarter, which was completed on May 3, the group sales reached a height of $ 13.1 billion (11.6 billion euros). This corresponded to an increase of five percent compared to the same period last year. Adjusted for space, the proceeds grew by three percent.
The group confirms its annual forecasts
However, due to a slightly lower gross parade and higher operating costs, the result decreased. The net profit was $ 1.04 billion (914 million euros) and thus around three percent below the level of the previous year’s quarter. The diluted profit per share decreased from 0.93 to $ 0.92.
Management held on his annual forecasts for 2025/26. Based on constant tariffs, it continues to expect space -adjusted sales plus in the range of two to three percent and a profit margin before tax between 11.3 and 11.4 percent. The diluted profit per share, which was $ 4.26 last year, is to be increased to $ 4.34 to $ 4.43.