TJX Q1 2025 Earnings Report
Key Takeaways
TJX Companies reported a 6% increase in net sales to $12.5 billion for Q1 FY25. Consolidated comparable store sales increased by 3%, driven by customer transactions. Diluted earnings per share were $.93, a 22% increase compared to the previous year.
Consolidated comparable store sales increased 3%, at the high-end of the Company’s plan, driven by an increase in customer transactions.
Pretax profit margin was 11.1%, up 0.8 percentage points versus last year and well above the Company’s plan.
Diluted earnings per share were $.93, up 22% versus last year and well above the Company’s plan.
Returned $886 million to shareholders in Q1 through share repurchases and dividends.
TJX
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TJX Revenue by Segment
TJX Revenue by Geographic Location
Forward Guidance
For the second quarter of Fiscal 2025, the Company is planning consolidated comparable store sales to be up 2% to 3%, pretax profit margin to be in the range of 10.4% to 10.5%, and diluted earnings per share to be in the range of $.88 to $.90. For the full year Fiscal 2025, the Company continues to plan consolidated comparable store sales to be up 2% to 3%. The Company is increasing its outlook for pretax profit margin to be in the range of 11.0% to 11.1% and increasing its diluted earnings per share outlook to be in the range of $4.03 to $4.09.
Positive Outlook
- Consolidated comparable store sales to be up 2% to 3% for Q2 2025.
- Pretax profit margin to be in the range of 10.4% to 10.5% for Q2 2025.
- Diluted earnings per share to be in the range of $0.88 to $0.90 for Q2 2025.
- Consolidated comparable store sales to be up 2% to 3% for FY25.
- Pretax profit margin to be in the range of 11.0% to 11.1% for FY25.
Challenges Ahead
- No specific negatives were mentioned in the provided guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income