Stock Analysis on Net
Stock Analysis on Net

TJX Cos. Inc. (NYSE:TJX)

Common-Size Income Statement 

TJX Cos. Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019
Net sales 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales, including buying and occupancy costs -70.00 -72.39 -71.50 -76.34 -71.54 -71.41
Gross earnings 30.00% 27.61% 28.50% 23.66% 28.46% 28.59%
Selling, general and administrative expenses -19.31 -17.88 -18.70 -21.85 -17.87 -17.77
Operating income 10.69% 9.73% 9.79% 1.81% 10.59% 10.82%
Impairment on equity investment 0.00 -0.44 0.00 0.00 0.00 0.00
Loss on early extinguishment of debt 0.00 0.00 -0.50 -0.97 0.00 0.00
Interest expense, excluding capitalized interest -0.15 -0.17 -0.25 -0.60 -0.14 -0.17
Interest income 0.46 0.16 0.01 0.04 0.12 0.14
Interest expense, net 0.31% -0.01% -0.24% -0.56% -0.02% -0.02%
Pension settlement charge 0.00 0.00 0.00 0.00 0.00 -0.09
Income before income taxes 11.01% 9.28% 9.06% 0.28% 10.56% 10.71%
(Provision) benefit for income taxes -2.75 -2.28 -2.30 0.00 -2.72 -2.86
Net income 8.25% 7.00% 6.76% 0.28% 7.84% 7.85%

Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. TJX Cos. Inc. operating income as a percentage of net sales decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Income 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 before income taxes as a percentage of net sales increased from 2022 to 2023 and from 2023 to 2024.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. TJX Cos. Inc. net income as a percentage of net sales increased from 2022 to 2023 and from 2023 to 2024.