The TJX Companies, Inc.

“the leading off-price apparel and home fashions retailer in the United States and worldwide. We have over 5,200 stores and six branded e-commerce sites that offer a rapidly changing assortment of quality, fashionable, brand name and designer merchandise at prices generally 20% to 60% below full-price retailers'”

“We operate our business in four segments: Marmaxx and HomeGoods, both in the U.S., TJX Canada and TJX International, including Europe and Australia. In addition to our four segments, we operate the Sierra business.”

“Our TJ Maxx and Marshalls chains in the United States ("Marmaxx") are collectively the largest off-price retailer in the United States with a total of 2,603 stores.”

“Winners, acquired by TJX in 1990, operates 316 stores and is the leading off-price family apparel and home fashions retailer in Canada.”

“HomeGoods, introduced in 1992, is the leading off-price retailer of home fashions in the U.S. Through its 963 stores”

“Launched in 1994, TK Maxx introduced off-price retail to Europe and remains Europe's largest major brick-and-mortar off-price retailer of apparel and home fashions. With 673 stores in Europe”

“We reach a broad range of customers across income levels with our value proposition on a wide range of items.”

“Sierra, acquired in 2012 and rebranded from Sierra Trading Post in 2018, is a leading off-price retailer of brand name active and outdoor apparel, footwear, and gear”

“United States$6,541 $5,869 $5,127 Canada430 364 341 Europe1,153 1,041 1,028 Australia96 72 75 Total long-lived tangible assets$8,220 $7,346 $6,571”

“The total cost of TJX contributions to these plans was $130 million in fiscal 2026, $113 million in fiscal 2025 and $103 million in fiscal 2024.”

“During fiscal 2025, the Company completed an investment for a 35% ownership stake in privately held Brands for Less (“BFL”), representing a non-controlling, minority position. BFL currently operates over 100 stores, primarily in the UAE and Saudi Arabia”

“invest in or enter into joint ventures with other businesses (as we did during fiscal 2025 with our minority equity investment in the Middle East and in our joint venture in Mexico)”

“Our buying organization, which numbers over 1,400 employees (who we refer to as Associates), has buying offices across the globe and executes this opportunistic buying strategy, buying merchandise from more than 100 countries”

“in connection with the conflict between Russia and Ukraine, we divested our minority ownership interest in an off-price retailer that operates stores in Russia and did not recover the full value of our investment.”

“Net sales increased 7% to $60.4 billion for fiscal 2026 versus $56.4 billion for fiscal 2025.”

“Comp sales for fiscal 2026 were driven by a higher average basket and an increase in customer transactions.”

“In February 2026, the Company announced that its Board of Directors had approved a new stock repurchase program that authorizes the repurchase of up to an additional $3 billion of TJX common stock”

“The settlement resulted in a gain of $419 million, net of $51 million of legal expenses, which was recognized within SG&A expenses.”

“In February 2026, the U.S. Supreme Court issued a decision invalidating tariffs imposed under the International Emergency Economic Powers Act (“IEEPA”). The ruling may allow for recovery of IEEPA tariff amounts previously paid”

“These factors include, among others, inflation and deflation; actual or perceived declines in consumer purchasing power; economic recession; unemployment levels”

“Our customer transactions and our sales, margins and other financial results could be adversely affected if we do not obtain and allocate the right merchandise at the right times, in the right quantities, at the right prices, in the right mix and into the right stores.”

“We lease almost all of our store locations and either own or lease for long periods our primary distribution centers and administrative offices.”

“We could be at a competitive disadvantage if, over time, our competitors are more effective than we are in their use and integration of rapidly evolving technologies, including artificial intelligence or other emerging technologies.”

“the Pension Protection Act Zone status for each of the Legacy Plan of the National Retirement Fund and the Legacy Plan of the UNITE HERE Retirement Fund is critical”