The company said net sales rose 9% to $54.2 billion for fiscal 2024 from $49.9 billion a year earlier, a 53-week year. It said the 53rd week added about 2% to net sales, and that consolidated comp store sales increased 5%.

1. 01

   The company said net sales rose 9% to $54.2 billion for fiscal 2024 from $49.9 billion a year earlier, a 53-week year. It said the 53rd week added about 2% to net sales, and that consolidated comp store sales increased 5%.

2. 02

   The company said diluted earnings per share for fiscal 2024 were $3.86, including an estimated $0.10 benefit from the 53rd week, compared with $2.97 a year earlier. It said its pre-tax profit margin was 11.0%, up 1.7 percentage points from 9.3%.

3. 03

   TJX said its cost of sales ratio, including buying and occupancy costs, fell to 70.0%, down 2.4 percentage points. The company cited higher merchandise margin due to lower freight costs as the primary factor. It said its SG&A ratio rose 1.4 percentage points to 19.3%.

4. 04

   The company said net cash provided by operating activities rose to $6.1 billion in fiscal 2024 from $4.1 billion a year earlier. It returned $4.0 billion to shareholders through share repurchases and dividends over the same period, and ended the year with cash of $5.6 billion.

Key figures

Fiscal year ended February 3, 2024

Revenue

$54.2B

Net income

$4.5B

EPS

$3.86

Operating cash flow

$6.1B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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