TJX · 10-Q · 2026Q3 · Full report

FX / Currency Impact

TJX COMPANIES INC /DE/ · 2026-08-28 · Importance 31 · Surprise 32

Foreign currency reduced consolidated second-quarter fiscal 2027 net sales by 1%, while having a neutral impact for the first six months. The second-quarter impact included a 2% negative effect on TJX Canada sales and a 1% positive effect on TJX International sales; for the first six months, TJX Canada had a 1% positive effect and TJX International had a 4% positive effect. TJX translates TJX Canada and TJX International from local currencies into U.S. dollars, creating potential variations in reported assets, liabilities, sales, net income, and earnings per share. The company hedges merchandise purchases denominated in non-local currencies, principally for TJX Canada and TJX International, but mark-to-market adjustments can affect cost of sales, operating margins, and earnings during periods of sharp currency movements.

Key facts

• Fair value of derivative financial instruments at August 1, 2026: total current asset fair value $68.0 million, total current liability fair value ($12.0) million, net fair value $56.0 million. source
• Foreign currency had a $0.01 positive impact on diluted earnings per share for the second quarter of fiscal 2027 and a $0.02 positive impact for the second quarter of fiscal 2026. source