TJX Cos. (TJX) Q4 2025 earnings

Tjx cos. On Wednesday, published a quarter of vacation better than expected entirely motivated by customer transactions, indicating that the giant out of step is still taking market share in department stores and other discounters while consumers concerned about prices are looking for offers.

During a conference call with analysts, managers added that the company was about to benefit from the chaotic state of the market, which was accumulated by pricing concerns, keeping consumer confidence and persistent inflation.

“I suppose that the silver lining is, with the confidence of consumers and a bit of a rocky environment … I think there is more availability in the next six months, even more than there has been, which will create more purchasing opportunities for our teams,” CEO Ernie Herrman told analysts. “I am enthusiastic about this. I am enthusiastic about the opportunity of sales and margin in this environment.”

The rear behind TJ Maxx, Marshall and Homegoods beat Wall Street’s expectations at the top and bottom, but he gave prudent advice for the current exercise and the current quarter, which the retailer tends to do. He said that unfavorable currency exchange rates, as well as new prices on goods imported from China, are included in its directives.

Here is how TJX did during his fourth quarter for the 2025 financial year compared to what Wall Street provided, on the basis of an investigation of LSEG analysts:

• Profit by action: $ 1.23 Against $ 1.16 expected
• Income: $ 16.35 billion against 16.20 billion dollars expected

The company’s declared net profit for the period of three months which ended on February 1 was $ 1.40 billion, or $ 1.23 per share, about $ 1.40 billion, or $ 1.22 per share, a year earlier.

Sales were fundamentally unchanged at $ 16.35 billion, compared to $ 16.41 billion a year earlier. During the previous period, TJX benefited from an additional week of sales that she did not have during the year 2025.

While sales were stable during the quarter, TJX displayed roughly the same thing in revenues in 13 weeks in the year 2025 as in 14 weeks during the year 2024. Comparable sales, a key industry indicator which excludes new stores and online sales, also increased by 5% during its fourth budgetary quarter, 3.1%, according to Streetaccount.

For the full financial year, TJX sales increased by 4% to 56.4 billion dollars with a week of sale less than the period of the previous year.

For its 2026 exercise, TJX provides that comparable sales increase between 2%and 3%, below 3.4%Wall Street expectations, according to Streetaccount. According to LSEG, its profit forecasts for the financial year 2026 between $ 4.34 and $ 4.43 per share are much $ 4.59 per share, and its forecasts for its current quarter also seem lower than expected.

TJX expects comparable sales to climb between 2%and 3%, behind the streetaccount estimates of 3.4%, and it expects the profit per share between 87 cents and 89 cents. Analysts sought 99 cents per share, according to LSEG.

A strong American dollar and unfavorable exchange rates should weigh on the growth of profits by 3% and harm sales growth of 1% in fiscal year 2026, said the company. TJX also expects the currency trends to reduce the margins. These conditions have harmed other retailers such as Levi Strauss. Wall Street does not seem to punish TJX on its prospects, because its shares have closed almost 2% higher.

In addition, while TJX said that imports from China constitute a very small part of its activities, its annual directives “support a small negative impact in the first half” from newly promulgated tariffs of 10% on imports from China, said finance chief John Klinger. The new functions strike the goods to which the company was already initiated when the prices have entered into force. Although TJX leaders expect the tasks to reach its short -term activities, they do not expect it to have a major impact on the medium and long term.

TJX previously declared that he saw high levels of theft and other forms of loss of inventory, known as narrowing, in its stores, but these trends seem to slow down. During the quarter, its beneficiary margin before taxes and its gross margin benefited from “the costs of reducing stocks below inventories,” said the company. For financial year 2025, the drop in narrowing expenses increased the gross TJX profit margin by 0.2 percentage points. The company said it expects to see more savings in the future because it implements new strategies to combat narrowing and analyze the performance of already underway programs.

Last year, TJX said that he had deployed body cameras in some of his stores and said the devices had been effective in reducing withdrawal. The leaders said that the cameras were an effective de -escalation tool, and people were less likely to behave badly when they knew they were video.

In December, CNBC reported that Walmart had deployed a similar program.

The discounter behind TJ Maxx, Marshall and Homegoods has been on a torrid pathway in the past two years while consumers are looking for cheaper options in the middle of persistent inflation, high interest rates and a Uncertain economic perspectives.

Buyers who have long been in department stores such as Macy,, Kohl And even discounter Target have turned to TJX to buy not only clothes, but also household items and other discretionary items they want, but are not willing to pay the high price.

This business effect was a boon for TJX, and even if its growth begins to slow down, it is one of the few retailers to benefit from President Donald Trump’s pricing policies. To avoid paying high rights for imports from China, and potentially Mexico and Canada, some companies have stored and have ordered deliveries too much.

If they are ultimately unable to sell through this inventory and end up having to liquidate it in off -price channels, this could be advantageous for TJX, which has long benefited from the disturbances of the supply chain and other “chaos” on the market, said Herrman in November when the company published budgetary budgetary profits.

Herrman reiterated similar comments on Wednesday and said that store closings, the slippery confidence of consumers and the rocky state of the market are not a threat to TJX’s affairs, but rather an opportunity.

For example, when stores like Macy Close their doors, this is an opportunity for TJX to develop in this area and collect market share. When others, like the big prizes, declare bankruptcy, it creates a chance for the company to move to a store that could have better shopping models. In addition, when consumers feel uncertain, they tend to spend less and prioritize the value when they do, which is another opportunity for all.

TJX also benefited from chaotic market conditions. When the disruption of the supply chain led to high stocks in the retail industry, TJX took advantage of it because many brands used it as liquidation channel.

As TJX’s growth has slowed down in the United States, the discounter began to spread abroad. He took a participation in the brands for less, a channel at reduced prices based in Dubai, and also plans to enter Spain at the beginning of next year.

During the quarter, sales comparable to TJX Canada increased by 10%, in addition to 6% of the growth of the previous year. Sales comparable to TJX International, which include Europe and Australia, climbed 7%, after growth of 3% last year.

In Canada and Europe, vacation sales obtained an elevator because of the way stores have strategically ordered in stocks and delivered it in the days before Christmas, ensuring that new goods were available when consumers were making last minute purchases, said the company.

Sales growth comparable to Marmaxx, which includes TJ Maxx, Marshall’s and Sierra, slowly slowed down to 4%, compared to 5% in the period ago. HomeGoods and HomeSense also displayed comparable growth of sales of 5% lower, compared to 7% in the period of the previous year.

TJX goods brands have managed to surpass the global market, indicating that the company takes part in a particularly difficult environment for furniture and house retailers, said Globaldata Director Neil Saunders, in a research note.

“The positioning here is useful insofar as the accent put by consumers was firmly to make smaller updates to decorate and refresh things like soft furniture or lighting in rooms,” said Saunders. “This plays in the categories where housing and homesenses play the most strongly. As always, good levels of novelty – especially in seasonal decor – have been very useful for driving the pedestrian traffic of stores.”