The TJX Companies, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended February 03, 2024
February 28, 2024 at 07:30 am EST
Share
The TJX Companies, Inc. reported earnings results for the fourth quarter and full year ended February 03, 2024. For the fourth quarter, the company reported sales was USD 16,411 million compared to USD 14,520 million a year ago. Net income was USD 1,403 million compared to USD 1,038 million a year ago. Diluted earnings per share from continuing operations was USD 1.22 compared to USD 0.89 a year ago.
For the full year, sales was USD 54,217 million compared to USD 49,936 million a year ago. Net income was USD 4,474 million compared to USD 3,498 million a year ago. Diluted earnings per share from continuing operations was USD 3.86 compared to USD 2.97 a year ago.
The TJX Companies, Inc. is No. 1 in America of discount retail distribution of clothing and household items. Net sales break down by family of products as follows:
- apparel and accessories (46%);
- home goods (39%): home furnishings, lamps, rugs decorative accessories, etc.;
- jewelery and accessories (15%).
At 30/01/2021, the group had a network of 4,572 stores located in the United States (3,305, of which 1,271 T.J. Maxx, 1,131 Marshalls, 821 HomeGoods, 48 Sierra and 34 Homesense), Canada (525, of which 280 Winners, 143 HomeSense and 102 Marshalls), Europe and Australia (742, of which 602 T.K. Maxx, 78 HomeSense and 62 Trade Secret).
Net sales are distributed geographically as follows: the United States (79.2%), Europe and Australia (12%) and Canada (8.8%).
THE TJX COMPANIES 
