TJ Maxx and Marshalls parent company TJX opened its 5,000th store last year. This list charts its expansion

TJX Companies, parent company of TJ Maxx, Marshalls, and HomeGoods, among other retail brands, reported strong sales and operating results on Wednesday for the fourth quarter and fiscal year ended February 1.

For Q4, TJX exceeded Wall Street’s revenue expectations, with sales of $16.35 billion. However, its revenue and earnings guidance for the coming fiscal year were below analyst expectations, according to a consensus estimate cited by CNBC.

Key takeaways

Here are the main points from the announcement:

Q4 fiscal 2025 (13-week period):

  • Net sales: $16.4 billion (flat compared to the prior year’s 14-week period).
  • Consolidated comparable store sales: increased by 5%.
  • Net income: $1.4 billion.
  • Diluted earnings per share (EPS): $1.23, a 1% increase from the prior year’s adjusted EPS of $1.12.

Growing retail footprint and store count

In contrast to other retail giants that have faced recent bankruptcies and sweeping store closures or have gone out of business altogether, TJX has continued its expansion efforts, hitting a major milestone last year by opening its 5,000th store. The company increased its global store count by 131 stores during fiscal 2025, bringing its total to 5,085 stores.

TJX also grew its total retail square footage by 2% year-over-year. In the United States, store counts and gross square footage increased as follows:

  • TJ Maxx: 1,319 to 1,333 stores, square footage from 35.7M to 36.0M
  • Marshalls: 1,197 to 1,230 stores, square footage from 33.7M to 34.4M
  • HomeGoods: 919 to 943 stores, square footage from 21.4M to 22.1M
  • Sierra: 95 to 117 stores, square footage from 2.0M to 2.4M
  • Homesense: 55 to 72 stores, square footage from 1.5M

“I am very proud of the performance of our hardworking Associates in 2024," CEO and president Ernie Herrman said in a statement. "We exceeded our expectations with over $56 billion in annual sales, a 4% comparable store sales increase, and a significant boost in profitability."

Shares of TJX Companies (NYSE: TJX) were up around 3% in late-day trading on Wednesday after the report.

0

No comments

Read more