The TJX Companies

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, ranking No. 115 in the most recent Fortune 500 listings. With over $27 billion in revenues in 2013, more than 3,200 stores in six countries and over 190,000 Associates, they see themselves as a global, off-price value retailer. TJX operates four major divisions: The Marmaxx Group (T.J.Maxx and Marshalls) and HomeGoods in the U.S.; TJX Canada (Winners, HomeSense and Marshalls); and TJX Europe (TK Maxx and HomeSense). In December 2012, TJX acquired Sierra Trading Post, an off-price Internet retailer.

Company Growth (employees)
Type
Public
HQ
Framingham, US
Founded
1962
Size (employees)
216,000 (est)-8%
Website
tjx.com
The TJX Companies was founded in 1962 and is headquartered in Framingham, US

Key People at The TJX Companies

Ernie Herrman

Ernie Herrman

Chief Executive Officer and President
Carol Meyrowitz

Carol Meyrowitz

Executive Chairman of the Board
Ken Canestrari

Ken Canestrari

Senior Executive Vice President, Group President
Michael MacMillan

Michael MacMillan

Senior Executive Vice President, Group President
Scott Goldenberg

Scott Goldenberg

Senior Executive Vice President, Chief Financial Officer
Richard Sherr

Richard Sherr

Senior Executive Vice President, Group President

The TJX Companies Office Locations

The TJX Companies has offices in Framingham and Marlborough
Marlborough, US (HQ)
300 Value Way
Framingham, US (HQ)
770 Cochituate Rd

The TJX Companies Data and Metrics

The TJX Companies Financial Metrics

The TJX Companies's revenue was reported to be $7.8 b in Q1, 2017
USD

Revenue (Q1, 2017)

7.8 b

Net income (Q1, 2017)

536.3 m

Market capitalization (25-Jul-2017)

45 b

Cash (29-Apr-2017)

2.7 b
The TJX Companies's current market capitalization is $45 b.
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

27.4 b29.1 b30.9 b33.2 b

Revenue growth, %

6%6%7%

General and administrative expense

5.2 b5.8 b

Operating expense total

5.2 b5.8 b

Interest expense

31.1 m39.8 m46.4 m43.5 m

Pre tax profit

3.3 b3.5 b3.7 b3.7 b

Income tax expense

1.2 b1.3 b1.4 b1.4 b

Net Income

2.1 b2.2 b2.3 b2.3 b
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

7.4 b7.8 b7.5 b7.9 b8.3 b7.8 b

General and administrative expense

1.2 b1.3 b1.3 b1.4 b1.5 b1.4 b

Operating expense total

1.2 b1.3 b1.3 b1.4 b1.5 b1.4 b

Interest expense

10.8 m13 m10.2 m11.3 m12.5 m9.8 m

Pre tax profit

886.2 m941.2 m825 m914.6 m889.8 m832.5 m

Income tax expense

336.9 m353.9 m316.6 m352.4 m340 m296.2 m

Net Income

971.9 m1.6 b474.6 m1 b1.6 b508.3 m1.1 b1.6 b536.3 m
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

2.1 b2.5 b2.1 b2.9 b

Accounts Receivable

210.1 m213.8 m238.1 m258.8 m

Inventories

345.3 m356.8 m380.5 m

Current Assets

6.1 b6.7 b6.8 b7.8 b

Goodwill

195.9 m

Total Assets

10.2 b11.1 b11.5 b12.9 b

Accounts Payable

1.8 b2 b2.2 b2.2 b

Total Debt

1.6 b1.6 b2.2 b

Current Liabilities

3.5 b3.9 b4.4 b4.8 b

Retained Earnings

3.7 b4.1 b4.3 b4.6 b

Total Equity

4.2 b4.3 b4.3 b4.5 b

Debt to Equity Ratio

0.4 x0.4 x0.5 x

Debt to Assets Ratio

0.1 x0.1 x0.2 x

Financial Leverage

2.4 x2.6 x2.7 x2.9 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

2.2 b2.2 b2.3 b1.9 b1.7 b1.9 b1.8 b2.4 b2.7 b

Accounts Receivable

242.5 m260.9 m263.5 m261 m273.9 m281.6 m288.8 m306.4 m317.2 m

Current Assets

6.6 b7.2 b6.9 b6.8 b7.3 b6.9 b6.8 b7.9 b7.5 b

Goodwill

195.6 m

Total Assets

10.9 b11.6 b11.4 b11.3 b12 b11.7 b11.7 b12.9 b12.8 b

Accounts Payable

2.1 b2.6 b2.2 b2.3 b2.7 b2.1 b2.3 b2.7 b2.2 b

Current Liabilities

3.8 b4.4 b4.1 b4.2 b4.7 b4.3 b4.3 b4.9 b4.6 b

Retained Earnings

3.7 b3.9 b4.1 b4.1 b4.2 b4.4 b4.5 b4.5 b4.6 b

Total Equity

4.3 b4.4 b4.3 b4.3 b4.4 b4.5 b4.5 b4.3 b4.6 b

Financial Leverage

2.6 x2.7 x2.6 x2.7 x2.8 x2.6 x2.6 x3 x2.8 x
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

2.1 b2.2 b2.3 b2.3 b

Depreciation and Amortization

548.8 m589 m616.7 m658.8 m

Accounts Receivable

12 m(9.1 m)(27.4 m)

Inventories

(7.5 m)11.4 m2.9 m

Accounts Payable

(152.3 m)285.2 m216.3 m48.3 m

Cash From Operating Activities

2.6 b3 b2.9 b3.6 b

Cash From Investing Activities

(1 b)(954.6 m)(1.1 b)(1.2 b)

Dividends Paid

(393.8 m)(465.9 m)(544.3 m)(651 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

971.9 m1.6 b474.6 m1 b1.6 b508.3 m1.1 b1.6 b536.3 m

Depreciation and Amortization

291.7 m438.2 m148.5 m298.5 m453.7 m157 m324.8 m492.4 m172.5 m

Accounts Receivable

(31.8 m)

Accounts Payable

367.2 m799.8 m135.6 m249.6 m677.2 m(96.4 m)62.2 m525 m

Cash From Operating Activities

1.1 b1.8 b447.5 m928.6 m1.7 b420.3 m1.2 b2.1 b448.4 m

Cash From Investing Activities

(411 m)(693.8 m)(242.5 m)(470.8 m)(848.8 m)(289.1 m)(567.6 m)(871.3 m)(201.8 m)

Dividends Paid

(224.3 m)(345.7 m)(120.4 m)(262.9 m)(404.1 m)(140.1 m)(311.5 m)(481.9 m)(168.6 m)
Y, 2017

Financial Leverage

2.8 x

The TJX Companies Operating Metrics

The TJX Companies's Stores was reported to be 36.1 k in 2016, which is a 6% increase from the previous period
Y, 2015Y, 2016

Stores

33.95 k36.14 k

The TJX Companies Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Sierra Trading PostDecember 21, 2012$200 m
MarshallsOctober 17, 1995$550 m

The TJX Companies Market Value History

The TJX Companies Median Salaries

Source: 128 public H-1B filings from The TJX Companies

The TJX Companies Online and Social Media Presence

The TJX Companies Company Life and Culture

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