The company also announced its plan to repurchase approximately $2B to $2.5B of TJX stock during the fiscal year ending February 1, 2025. With $1B remaining at FY24 year end under the company’s existing stock repurchase program, the company’s board of directors approved a new stock repurchase program that authorizes the repurchase of up to an additional $2.5B of TJX common stock from time to time. The new authorization represents approximately 2.2% of the company’s outstanding shares at current prices. The new stock repurchase program marks the 24th program approved by the Board since 1997.
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