Segment Information

6 Months Ended

Aug. 04, 2018

TJX operates four main business segments. The Marmaxx segment (T.J. Maxx, Marshalls and tjmaxx.com) and the HomeGoods segment (HomeGoods and Homesense) both operate in the United States, the TJX Canada segment operates Winners, HomeSense and Marshalls in Canada, and the TJX International segment operates T.K. Maxx, Homesense and tkmaxx.com in Europe and T.K. Maxx in Australia. TJX also operates STP, an off-price Internet retailer that operates sierratradingpost.com and retail stores in the U.S. The results of STP are included in the Marmaxx segment.

All of TJX’s stores, with the exception of HomeGoods and Homesense, sell family apparel and home fashions. HomeGoods and Homesense offer home fashions.

TJX evaluates the performance of its segments based on “segment profit or loss,” which it defines as pre-tax income or loss before general corporate expense and interest expense, net. “Segment profit or loss,” as defined by TJX, may not be comparable to similarly titled measures used by other entities. The terms “segment margin” or “segment profit margin” are used to describe segment profit or loss as a percentage of net sales. These measures of performance should not be considered alternatives to net income or cash flows from operating activities as an indicator of TJX’s performance or as a measure of liquidity.

Presented below is financial information with respect to TJX’s business segments:



	Thirteen Weeks Ended				Twenty-Six Weeks Ended
In thousands	August 4, 2018		July 29, 2017		August 4, 2018		July 29, 2017
Net sales:
In the United States:
Marmaxx	$	5,847,721	$	5,284,639	$	11,228,639	$	10,251,774
HomeGoods	1,327,346		1,156,398		2,596,677		2,277,667
TJX Canada	937,736		832,026		1,791,572		1,570,797
TJX International	1,218,312		1,084,637		2,402,947		2,041,486
	$	9,331,115	$	8,357,700	$	18,019,835	$	16,141,724
Segment profit:
In the United States:
Marmaxx	$	830,315	$	746,881	$	1,580,771	$	1,434,046
HomeGoods	142,090		141,345		289,450		293,437
TJX Canada	138,735		83,229		263,919		186,109
TJX International	48,691		38,967		89,517		45,827
	1,159,831		1,010,422		2,223,657		1,959,419
General corporate expense	164,245		109,045		268,365		215,693
Interest expense, net	3,029		9,677		7,177		19,518
Income before provision for income taxes	$	992,557	$	891,700	$	1,948,115	$	1,724,208