TJX Companies Updates Credit Facilities, Maintains $1.5 Billion Capacity

The TJX Companies, Inc. amended and restated two revolving credit facilities. The $500 million facility was extended to May 2029 and increased to $750 million. The $1 billion facility was extended to May 2030 but reduced to $750 million, with a lower interest rate margin aligned with the first facility. Despite these changes, total borrowing capacity remains at $1.5 billion. All other material terms remain unchanged.

The TJX Companies, Inc. reported strong financial results for the fourth quarter and fiscal year 2025, with sales and earnings exceeding expectations. Comparable store sales increased by 5% in Q4 and 4% for the full year, driven by higher customer transactions. Net sales for the fiscal year reached $56.4 billion, reflecting a 4% year-over-year increase. The company’s pretax profit margin was 11.6% for Q4 and 11.5% for the full year, benefiting from lower inventory shrink expenses.

Diluted earnings per share were $1.23 for Q4 and $4.26 for the full year, representing a 10% and 13% increase, respectively, compared to adjusted results from the previous year. TJX returned $4.1 billion to shareholders through dividends and share repurchases in FY25 and plans to repurchase $2.0 to $2.5 billion in stock in FY26. The company also expects to increase its dividend by 13%.

CEO Ernie Herrman highlighted the company’s strong performance, surpassing $56 billion in annual sales, achieving consistent sales growth across all divisions, and opening its 5,000th store. He attributed success to the company's off-price model, which continues to attract customers with brand-name merchandise at value prices. Looking ahead, TJX remains confident in its long-term growth opportunities and its ability to deliver value to consumers worldwide.

The TJX Companies, Inc. has extended the employment agreements of CEO and President Ernie Herrman and Executive Chairman Carol Meyrowitz until January 29, 2028. Under the new terms, Meyrowitz will receive a minimum annual base salary of $1.1 million starting February 2, 2025. Additionally, Executive Advisor Scott Goldenberg’s contract has been extended through April 24, 2026.