Inside the $15 Billion Quarter Powering TJ Maxx and Marshalls

leverage. SG&A rose to 20.1% of sales, up 0.6 percentage points, reflecting higher store wages, incentive compensation, and a contribution to the TJX Foundation. Nine-month performance and cash strength For the first nine months of Fiscal 2026, net sales grew 7% to 42.6 billion, with consolidated comparable sales up 4%.

Net income for the period reached 3.7 billion, and diluted EPS rose 9% to 3.30 from 3.03 in the prior-year period. Operating cash flow for the third quarter came in at 1.5 billion, with cash and cash equivalents totaling 4.6 billion at the quarter’s end.

Total inventories reached 9.4 billion, up 1.0 billion from the third quarter of Fiscal 2025, with per-store inventories, including distribution centers but excluding e-commerce and in-transit, up 8% on both a reported and constant-currency basis.

Store growth and global off-price footprint During the quarter ended November 1, 2025, The TJX Companies added 57 stores, bringing its total store count to 5,191 and increasing total square footage by 1.0% compared with the prior quarter…