The American trading group TJX Companies Inc. was able to exceed its own expectations both in the final quarter and in the entire financial year 2024/25. The Off-Price specialist, who is represented in Europe with its chains TK Maxx and Homeeseense, also predicted further growth in the current year on Tuesday.
In the past financial year, which was completed on February 1, the group sales were $ 56.4 billion ($ 53.8 billion). This corresponded to an increase of almost four percent compared to the previous year. On a comparable basis, the proceeds in their own branches also grew by four percent and thus exceeded the forecasts. The net profit also grew surprisingly strongly. It rose by 8.7 percent to $ 4.86 billion (4.64 billion euros).
The group expects further growth in sales and profits in the current year
Last but not least, the group owed the good figures to a surprisingly strong final quarter. At $ 16.3 billion, the turnover was slightly below the corresponding level of the previous year (-0.4 percent), but this was due to the fact that the fourth quarter was less comprehensive than the comparison period. The proceeds in the branches rose by five percent on a comparable basis. The net profit was $ 1.40 billion and was therefore only 0.4 percent below the level of the previous year’s quarter.
For the current financial year 2025/26, the management expects two to three percent with an increase in branch revenue on a comparable basis. The profit margin before taxes, which was 11.5 percent last year, is expected to drop to 11.3 to 11.4 percent due to negative currency effects, but the watered profit per share should be from 4.26 to 4.34 to 4 , Increase $ 43.