The TJX Companies, Inc. (NYSE:TJX) Q2 2025 Earnings Conference Call August 21, 2024 11:00 AM ET

Company Participants

Ernie Herrman - Chief Executive Officer & President
Deb McConnell - Senior Vice President, Global Communications, IR
John Klinger - Senior Executive Vice President & Chief Financial Officer

Conference Call Participants

Lorraine Hutchinson - Bank of America
Alex Straton - Morgan Stanley
Matthew Boss - JPMorgan
Paul Lejuez - Citigroup
Brooke Roach - Goldman Sachs
Adrienne Yih - Barclays
Michael Binetti - Evercore
Corey Tarlowe - Jefferies
Jay Sole - UBS

Operator

Ladies and gentlemen, thank you for standing by. Welcome to The TJX Companies Second Quarter Fiscal 2025 Financial Results Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference call is being recorded August 21, 2024.

I would like to turn the conference call over to Mr. Ernie Herrman, Chief Executive Officer and President of The TJX Companies, Inc. Please go ahead, sir.

Ernie Herrman

Thanks, Amanda. Before we begin, Deb has some opening comments.

Deb McConnell

Thank you, Ernie, and good morning. Today's call is being recorded and includes forward-looking statements about our results and plans. These statements are subject to risks and uncertainties that could cause the actual results to vary materially from these statements, including, among others, the factors identified in our filings with the SEC. Please review our press release for a cautionary statement regarding forward-looking statements as well as the full safe harbor statements included in the Investors section of our website, tjx.com. We have also detailed the impact of foreign exchange on our consolidated results and our international divisions in today's press release and in the Investors section of tjx.com, along with reconciliations to non-GAAP measures we discussed.

Thank you, and now I'll turn it back over to Ernie.

Ernie Herrman

Good morning. Joining me and Deb on the call is John. I want to start by thanking all of our global associates for their ongoing commitment to TJX. Thanks to their hard work and collective efforts, we continue to deliver an excellent shopping experience and outstanding value to our shoppers every day.

Now to our business update and second quarter results. I'm extremely pleased with our second quarter performance and the terrific execution of our flexible off-price business model by our teams. Sales, profitability and earnings per share all exceeded our plans. I am particularly pleased that our comp sales increases across all of our divisions were once again entirely driven by an increase in customer transactions. We believe this is an excellent indicator of the strength of our business as our exciting merchandise assortment, great brands and outstanding values continue to resonate with consumers across our geographies.