Fri, Aug 30, 3:19 PM (137 days ago)
TJX Companies, Inc. reported strong financial performance for the second quarter and first half of fiscal 2025, ending August 3, 2024. Net sales rose 6% to $13.5 billion for the quarter, driven by a 4% increase in comparable store sales. Net income increased to $1.1 billion, with diluted earnings per share at $0.96, up from $0.85 in the prior year. Profit margins improved, with a pre-tax profit margin of 10.9% and a decrease in the cost of sales ratio to 69.6%. Cash flow from operations was robust at $2.4 billion, supporting significant shareholder returns of $982 million through stock repurchases and dividends. Despite uncertainties from foreign currency impacts and rising supply chain costs, TJX maintained a healthy cash position of $5.3 billion, with no outstanding short-term debt. The company plans to continue investing in growth, including a joint venture in Mexico and a stake in Brands for Less in the UAE. Overall, TJX demonstrated solid financial health and operational resilience amid market challenges.