TJX Cos. tops expectations for holiday-season sales

FRAMINGHAM, Mass. — TJX Cos. posted gains in revenue and same-store sales for its fiscal fourth quarter but warned that growth may be slowing in the months ahead.

The off-price retailer behind the T.J. Maxx, Marshalls and HomeGoods banners said net sales increased 9% to $17.7 billion in the three months through January. Net income came in at $1.7 billion, up from $1.4 billion a year earlier.

Comparable-store sales increased 5%, besting the 3.7% gain that analysts had been expecting. TXJ projects comparable sales growth in the range of 2% to 3% for the current year.

"We had an excellent fourth quarter, with sales, profitability, and earnings per share all well above our plan,” said Ernie Herrman, president and CEO at TJX Cos. “Throughout the year, we stayed focused on our off-price fundamentals to bring customers great values, brands, and fashions as well as an exciting treasure-hunt shopping experience every day."

TJX serves price-conscious shoppers seeking deals on the brands they know. It buys its inventory from full-price retailers that have excess inventory and directly from vendors, allowing for a treasure hunt experience for shoppers.

“As we begin 2026, the first quarter is off to a strong start, and the availability of quality merchandise continues to be outstanding,” said Herrman. “Long term, we are excited about the opportunities we see to keep growing our business and capture additional market share around the world for many years to come.”

The company reported robust sales across its portfolio in the fourth quarter. Marmaxx, which houses the TJ Maxx and Marshall brands in the United States, reported a 7% increase in sales to $10.6 billion. HomeGoods posted sales of $3.1 billion, an 8% increase. TJX International reported a 15% sales bump to $2.3 billion.

Herrman said ample credit for TJX’s growth lies in its team of more than 1,400 buyers who work with 21,000 vendors to build inventory.

“We are going after brands in a more aggressive manner than we ever had before,” Herrman said. “Our teams are doing a lot more regular meetings with some of the key brands through various levels of their management. And that’s not been something that we’re initiating all the time. It really comes from a lot of the vendors because they want to do business with us.”