US-based global fashion and home furnishings retail group TJX Companies, owners of the Homesense and TK Maxx brands, has reported a growth in second quarter sales.

According to its latest trading update for the period ended 3 August 2024, total Q2 sales rose 6% to $13.5bn from $12.8bn in 2024.

Within its EU and Australia division, TJX International sales rose 4% to $1.67bn from $1.62bn. It did reduce its Homesense store estate by one during the period in Europe, down from 78 to 77 stores.

For the first half of Fiscal 2025, group net sales were $25.9bn, an increase of 6% versus the first half of Fiscal 2024. Net income was $2.2bn.

Ernie Herrman, Chief Executive Officer and President of The TJX Companies, Inc., stated: “I am extremely pleased with our second quarter performance. Our comparable store sales increase of 4%, pretax profit margin, and earnings per share all exceeded our plans. Our teams sharply executed on our mission to deliver great value to consumers every day.

“Our overall comp sales growth was entirely driven by customer transactions, which increased at every division. The performance of Marmaxx, our largest division, was outstanding, with a comp sales increase of 5%. With our strong second quarter results, we are raising our full-year guidance for both pretax profit margin and earnings per share.

“The third quarter is off to a strong start. We see excellent buying opportunities in the marketplace and are strongly positioned to ship fresh and compelling merchandise to our stores and online throughout the fall and holiday selling seasons.

“We marked a milestone for our Company in the second quarter by opening our 5,000th store! Longer term, we are excited about our potential to capture additional market share in all of our geographies and to continue our global growth, while delivering great value to more consumers around the world and driving the profitability of TJX.”