Page 1

TJX THE TIX COMPANIES , INC . CONTACT : Debra McConnell Global Communications ( 508 ) 390-2323 ● NEWS RELEASE FOR IMMEDIATE RELEASE Wednesday , November 17 , 2021 THE TJX COMPANIES , INC . REPORTS VERY STRONG Q3 FY22 SALES AND EPS RESULTS ; Q3 FY22 OVERALL OPEN - ONLY COMP STORE SALES INCREASED 14 % VERSUS Q3 FY20 AND EARNINGS PER SHARE INCREASED 24 % VERSUS Q3 FY20 Q3 FY22 overall open - only comp store sales increased 14 % over Q3 FY20 Q3 FY22 marks the third consecutive quarter that overall open - only comp store sales increased mid - teens or better Q3 FY22 net sales were $ 12.5 billion , an increase of 20 % compared to Q3 FY20 Q3 FY22 total segment profit grew to $ 1.5 billion , an increase of $ 285 million , or 23 % , compared to Q3 FY20 Q3 FY22 diluted earnings per share were $ .84 , a 24 % increase compared to earnings per share of $ .68 in Q3 FY20 Returned $ 1.1 billion to shareholders in the third quarter through share repurchases and dividends Increased range for expected full year FY22 share repurchases by $ 500 million to $ 1.75 billion to $ 2.0 billion Sales are very strong to start Q4 FY22 , with overall open - only comp store sales up mid - teens over Q4 FY20 Framingham , MA -- The TJX Companies , Inc. ( NYSE : TJX ) , the leading off - price apparel and home fashions retailer in the U.S. and worldwide , today announced sales and operating results for the third quarter ended October 30 , 2021. Net sales for the third quarter of Fiscal 2022 were $ 12.5 billion , an increase of 24 % versus the third quarter of Fiscal 2021. Net sales for the third quarter of Fiscal 2022 increased 20 % versus the third quarter of Fiscal 2020. Overall open - only comp store sales ( defined below ) increased 14 % over a 4 % increase in the third quarter of Fiscal 2020. Net income for the third quarter was $ 1.0 billion and diluted earnings per share were $ .84 , a 24 % increase over $ .68 per share in the third quarter of Fiscal 2020 . For the first nine months of Fiscal 2022 , net sales were $ 34.7 billion , an increase of 64 % versus the first nine months of Fiscal 2021. Stores were closed for approximately 27 % of the first nine months of Fiscal 2021 due to the COVID - 19 global pandemic ( see table below ) . Net sales for the first nine months of Fiscal 2022 increased 18 % versus the first nine months of Fiscal 2020. Overall open - only comp store sales increased 17 % compared to the first nine months of Fiscal 2020. Net income for the first nine months of Fiscal 2022 was $ 2.3 billion . For the first nine months of Fiscal 2022 , diluted earnings per share were $ 1.92 , which includes a second quarter debt extinguishment charge of $ .15 per share . The Company estimates that temporary store closures for approximately 6 % of the first nine months of Fiscal 2022 negatively impacted earnings per share by about $ .27 to $ .32 , based on the Company's estimates of profit dollars on lost sales of approximately $ 1.43 billion to $ 1.59 billion ( see below ) . -MORE