Tjx Companies Stock Earnings Reports

Key points for investors: TJX reported a strong third quarter with consolidated comparable store sales up 3% (high end of plan), driven entirely by customer transactions across all divisions. Earnings per share were $1.14, up 11% year-over-year, and pre-tax profit margin expanded to 12.3% (up 30 bps). Gross margin improvement was primarily merchandise-margin driven; SG&A rose modestly due to higher store wage and payroll costs. Inventory was essentially in good shape (balance-sheet inventory +1%, per-store inventory -2%), and merchandise availability heading into the holiday season is described as outstanding. The company raised full-year guidance: pre-tax profit margin to 11.3% and full-year diluted EPS to $4.15–$4.17 (up ~10–11% vs. adjusted prior year). Fourth-quarter guidance: comp store sales +2–3%, sales $15.9–$16.1B, and Q4 EPS $1.12–$1.14. Division highlights: Marmaxx comps +2% (hurricanes and warm weather were headwinds early in the quarter), HomeGoods comps +3% and segment margin up materially (opened 1,000th HomeGoods), TJX Canada comps +2% with some one-time comparability items, and TJX International comps +7% (strong Europe and Australia performance). Strategic items: TJX sees a large domestic and international growth runway (over 1,200 potential additional stores in current countries), announced a planned expansion of T.K. Maxx into Spain (first stores early 2026; potential 100+ stores long term), and entered partnerships/JV investments to gain exposure to off-price growth in Mexico, UAE and Saudi Arabia. Management reiterated the competitive advantages of the off-price model—value leadership, frequent fresh assortments, and a broad customer demographic reach—and highlighted ongoing marketing investments ahead of the holidays. Risks and near-term puts-and-takes discussed include potential freight/tariff headwinds, timing-related expense reversals into Q4, FX impacts, and localized weather-related disruptions (hurricanes). Capital allocation remains balanced: continued reinvestment in growth plus shareholder returns via buybacks and dividends.