The tjx companies, Inc. Q4 and Full Year Fiscal Year 2022 Earnings Press Release

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THE TJX COMPANIES, INC. REPORTS VERY STRONG U.S. OPEN-ONLY COMP STORE SALES 
GROWTH OF 13% FOR Q4 FY22 VS. Q4 FY20; FY22 U.S. OPEN-ONLY COMP SALES UP 17% VS. FY20; 
ANNOUNCES PLANS TO INCREASE DIVIDEND 13% AND BUY BACK $2.25 TO $2.50 BILLION OF 
STOCK 
Wednesday, February 23, 2022
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CEO and President Comments 
Ernie Herrman, Chief Executive Officer and President of The TJX Companies, Inc., stated, “As I reflect on 2021, I 
could not be prouder of our Associates and teams around the world. Together, they persevered through the challenges 
that COVID-19 presented for yet another year and kept the health and safety of our Associates and customers a top 
priority. I especially want to recognize our store and distribution center Associates, who have been physically coming 
into work to serve our customers. I also want to thank our global teams that met the supply chain challenges head-on to 
ensure a consistent flow of exciting merchandise for our customers this holiday season and throughout the year. Our 
global organization worked together as “One TJX,” and thanks to their dedication and talent, we delivered excellent 
results in 2021.”
Herrman continued, “For the year, U.S. open-only comp sales were up 17% and overall open-only comp store sales 
increased 15% over Fiscal 2020, with double-digit increases for both the U.S. businesses and overall TJX every quarter 
of the year. For the fourth quarter, we saw a 13% open-only comp sales increase for the U.S. and a 10% increase in 
overall open-only comps, both over 6% comp sales increases in the fourth quarter of Fiscal 2020. Fourth quarter sales 
were trending higher before the surges in Omicron. During the holiday selling season and throughout the year, our 
shoppers responded to our amazing brands, excellent values, and inspiring treasure hunt shopping experience. Our 
home businesses across all of our divisions delivered phenomenal open-only comp store sales performance, and overall 
apparel open-only comp store sales increased high-single digits in Fiscal 2022. While freight and wage cost pressures 
remain elevated, we are pleased that our retail pricing strategy is working very well. This gives us confidence in 
improving our profitability when the macro environment normalizes, while continuing to offer exceptional values to 
customers every day. In a year when we grew sales to nearly $50 billion, we are very confident in our goal of TJX 
becoming an increasingly profitable, $60 billion-plus company.”