Stock Analysis on Net

TJX Cos. Inc. (NYSE:TJX)

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

TJX Cos. Inc., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017
Net sales 13,265 12,758 11,783 14,520 12,166 11,843 11,406 13,854 12,532 12,077 10,087 10,943 10,117 6,668 4,409 12,206 10,451 9,782 9,278 11,127 9,826 9,331 8,689 10,961 8,762 8,358 7,784
Cost of sales, including buying and occupancy costs (9,139) (8,910) (8,374) (10,732) (8,623) (8,572) (8,223) (10,095) (8,836) (8,528) (7,256) (7,883) (7,062) (5,174) (4,414) (8,742) (7,440) (7,026) (6,638) (8,034) (6,983) (6,636) (6,178) (7,849) (6,150) (5,973) (5,530)
Gross earnings (loss) 4,126 3,848 3,409 3,789 3,544 3,271 3,183 3,760 3,696 3,549 2,831 3,061 3,055 1,493 (6) 3,465 3,011 2,756 2,640 3,094 2,842 2,695 2,510 3,111 2,612 2,385 2,254
Selling, general and administrative expenses (2,578) (2,559) (2,238) (2,473) (2,185) (2,175) (2,095) (2,496) (2,297) (2,224) (2,065) (2,193) (1,986) (1,528) (1,314) (2,135) (1,886) (1,731) (1,702) (1,917) (1,756) (1,700) (1,551) (1,896) (1,584) (1,484) (1,412)
Impairment of goodwill and other long-lived assets, related to Sierra (99)
Operating income (loss) 1,548 1,289 1,171 1,316 1,359 1,097 1,089 1,264 1,400 1,325 766 868 1,069 (35) (1,319) 1,329 1,125 1,024 937 1,177 1,086 996 960 1,116 1,028 901 842
Impairment on equity investment (218)
Loss on early extinguishment of debt (242) (312)
Pension settlement charge (36)
Interest income (expense), net 41 38 37 23 (11) (19) (21) (21) (29) (45) (47) (53) (57) (23) (3) (3) (3) (1) 2 (3) (3) (4) (4) (8) (10) (10)
Income (loss) before income taxes 1,589 1,327 1,208 1,339 1,359 1,086 852 1,243 1,379 1,054 721 508 1,016 (92) (1,343) 1,326 1,122 1,021 936 1,179 1,047 993 956 1,112 1,020 892 833
(Provision) benefit for income taxes (398) (338) (317) (301) (296) (276) (265) (303) (356) (269) (187) (183) (149) (122) 455 (341) (294) (262) (236) (337) (284) (253) (239) (235) (379) (339) (296)
Net income (loss) 1,191 989 891 1,038 1,063 809 587 940 1,023 786 534 326 867 (214) (887) 985 828 759 700 842 762 740 716 877 641 553 536

Based on: 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).

Income statement item Description The company
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. TJX Cos. Inc. net sales increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. TJX Cos. Inc. operating income (loss) increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Income (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. TJX Cos. Inc. income (loss) before income taxes increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Net income (loss) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. TJX Cos. Inc. net income (loss) increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.