Financial Data and Key Metrics Changes - Comp store sales growth of 3% was achieved, at the high end of the company's plan, driven entirely by customer transactions [9][14] - Pre-tax profit margin increased to 12.3%, up 30 basis points year-over-year, exceeding plans [15][16] - Diluted earnings per share rose to $1.14, an 11% increase compared to the previous year, also above expectations [16] Business Line Data and Key Metrics Changes - Marmaxx saw a 2% increase in comp store sales, with a segment profit margin of 14.3%, up 30 basis points year-over-year [17] - HomeGoods experienced a 3% increase in comp store sales, with segment profit margin growing to 12.3%, up 200 basis points year-over-year [19] - TJX International reported a 7% increase in comp store sales, with segment profit margin improving to 7.2%, up 180 basis points year-over-year [23] Market Data and Key Metrics Changes - At TJX Canada, comp store sales increased by 2%, but segment profit margin on a constant currency basis decreased by 170 basis points due to non-recurring items and increased freight costs [21] - The European market showed strong performance, contributing to the overall success of the TJX International division [23] Company Strategy and Development Direction - The company plans to expand its T.K. Maxx banner in Spain, with expectations to open over 100 stores in the long term [34] - There is a focus on maintaining a value gap relative to competitors, especially in light of potential tariffs and supply chain challenges [49] - The company aims to continue capitalizing on the growth of off-price retail globally, leveraging its flexible business model and decades of expertise [32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the fourth quarter, citing strong availability of goods and a commitment to delivering value to shoppers [12][28] - The company is optimistic about gaining additional market share both in the U.S. and internationally, with plans to flow fresh merchandise regularly [12][30] - Management noted that the macro environment in Europe remains stable, with performance driven by execution and favorable weather conditions [82] Other Important Information - The company reported a 1% increase in balance sheet inventory, while inventory per store decreased by 2% [25] - Strong cash flow generation continues, allowing for reinvestment in growth and returning cash to shareholders through buybacks and dividends [26] Q&A Session Summary Question: Can you speak to the cadence of comps at Marmaxx and any changes in business momentum? - Management noted that Marmaxx started strong but was impacted by unseasonably warm weather and hurricanes, yet they are optimistic about Q4 performance [45] Question: How is the company addressing potential tariffs and supply chain issues? - Management emphasized their model's flexibility to maintain value gaps and noted that they have diversified sourcing away from China [49] Question: Can you discuss the composition of new customers by age and income level? - Management indicated a growing segment of younger customers (ages 18-34) while maintaining a balanced demographic across all income levels [55] Question: What is the outlook for margin expansion opportunities in 2025? - Management refrained from providing specific guidance but indicated that top-line growth remains the primary lever for margin expansion [64] Question: How is the HomeGoods division performing in terms of profitability? - Management highlighted a 200 basis point improvement in HomeGoods margin, driven by the closure of the online business and expense efficiencies [77]

The TJX Companies, Inc. (TJX) posted strong third-quarter fiscal 2025 results, wherein the top and bottom lines increased year over year and beat the Zacks Consensus Estimate. With stronger-than-expected profitability in the fiscal third quarter, management is raising its full-year guidance for pretax profit margin and earnings per share (EPS).TJX Companies’ earnings were $1.14 per share, rising 11% year over year. The metric surpassed the Zacks Consensus Estimate of $1.09.Find the latest EPS estimates and ...

KEY TAKEAWAYSTJX Companies, the operator of discount retailers including TJ Maxx, posted higher-than-expected quarterly results Wednesday and raised its full-year earnings outlook.TJX said it is raising its full-year pretax profit margin outlook and expects a 3% gain in comparable store sales year-over-year.Strong European sales drove gains in its international business, TJX said. TJX Companies (TJX), the operator of discount retailers including TJ Maxx, posted higher-than-expected quarterly results on the ...

For the quarter ended October 2024, TJX (TJX) reported revenue of $14.06 billion, up 6% over the same period last year. EPS came in at $1.14, compared to $1.03 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $13.96 billion, representing a surprise of +0.73%. The company delivered an EPS surprise of +4.59%, with the consensus EPS estimate being $1.09.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compar ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

TJX Companies Inc (NYSE:TJX) announced better-than-expected results for the third quarter and raised its full-year forecast, but lackluster fiscal fourth-quarter guidance appears to be hurting shares. Disappointing results from sector peer Target (TGT) are weighing on retailers as well. At last glance, TJX is down 1.5% to trade at $117.75, on track for its third-straight loss as it extends a pullback from its Nov. 14, record closing high of $121.13. The security still sports a 27.4% year-to-date lead, and ...

TJX (TJX) came out with quarterly earnings of $1.14 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $1.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.59%. A quarter ago, it was expected that this parent of T.J. Maxx, Marshalls and other stores would post earnings of $0.92 per share when it actually produced earnings of $0.96, delivering a surprise of 4.35%.Over the last fo ...

Financial Performance - Q3 FY25 net sales reached $14.1 billion, a 6% increase compared to Q3 FY24[2] - Q3 FY25 diluted earnings per share were $1.14, up 11% from $1.03 in Q3 FY24[2] - Q3 FY25 pretax profit margin was 12.3%, an increase of 0.3 percentage points from the previous year[7] - For the first nine months of FY25, net sales totaled $40.0 billion, also a 6% increase year-over-year[3] - Net sales for the thirteen weeks ended November 2, 2024, were $14,063 million, an increase from $13,265 million for the same period last year, representing a growth of 6%[38] - Net income for the thirty-nine weeks ended November 2, 2024, was $3,466 million, compared to $3,071 million for the same period last year, reflecting an increase of 12.9%[38] - Diluted earnings per share for the third quarter were $1.14, up from $1.03 in the prior year, indicating a growth of 10.7%[38] - Total net sales for the third quarter ended November 2, 2024, reached $8.438 billion, a 4.1% increase from $8.107 billion in the same period last year[46] - Total net sales for the nine months ended November 2, 2024, were $24.633 billion, a 5.4% increase from $23.376 billion in the same period last year[46] Shareholder Returns - The company returned $997 million to shareholders in Q3 FY25 through share repurchases and dividends[14] - The company returned $997 million to shareholders in the third quarter, including $574 million for repurchasing 5.0 million shares and $423 million in dividends[49] - For the nine months ended November 2, 2024, the total return to shareholders was $2.9 billion, comprising $1.7 billion in share repurchases and $1.2 billion in dividends[49] - The company has approximately $1.9 billion available for stock repurchase under the newly approved program as of November 2, 2024[49] - The company declared cash dividends of $0.375 per share, up from $0.3325 per share in the same quarter last year, representing an increase of 12.8%[38] Inventory and Assets - Cash and cash equivalents increased to $4,718 million as of November 2, 2024, compared to $4,290 million at the end of the previous fiscal year[41] - Merchandise inventories rose to $8,371 million from $8,285 million year-over-year, showing a slight increase of 1.04%[41] - Total assets increased to $32,436 million as of November 2, 2024, compared to $30,351 million a year earlier, marking a growth of 6.9%[41] Future Plans and Expansion - The company plans to enter Spain with its TK Maxx banner in early 2026[2] - The company plans to continue expanding its store footprint and enhancing its e-commerce capabilities to drive future growth[30] - The joint venture with Grupo Axo was completed for $179 million, with TJX owning 49%[20] - A 35% stake in Brands For Less was acquired for $344 million, expanding TJX's presence in the Middle East[21] Segment Performance - Segment profit for Marmaxx in the United States was $1.207 billion, up from $1.134 billion, reflecting a 6.4% increase year-over-year[46] - Total segment profit for HomeGoods was $290 million, an increase from $228 million, representing a 27.2% year-over-year growth[46] - TJX Canada segment profit was $209 million, slightly down from $223 million, indicating a 6.3% decrease year-over-year[46] Profitability Metrics - The company expects consolidated comparable store sales to increase by 3% for the full year FY25[19] - The company anticipates a pretax profit margin of 11.3% and diluted earnings per share between $4.15 and $4.17 for FY25[19] - The company reported income before income taxes of $1.736 billion for the third quarter, compared to $1.589 billion in the prior year, marking a 9.2% increase[46] Pricing Strategy - TJX is focused on maintaining its competitive pricing strategy, offering products at prices generally 20% to 60% below full-price retailers[30] - Operating cash flow for the thirty-nine weeks ended November 2, 2024, was $3,412 million, compared to $3,257 million for the same period last year, reflecting a growth of 4.8%[43]

A sign hangs at the entrance of a T. J. Maxx store on February 28, 2024 in Chicago, Illinois.TJX Companies touted a "strong start" to the holiday shopping season on Wednesday, but its shares slid after the fast-growing retailer offered guidance that appeared to underwhelm Wall Street.TJX comfortably beat Wall Street's expectations during its fiscal third quarter, but it's expecting earnings per share for its holiday quarter to be between $1.12 and $1.14, behind expectations of $1.18, according to LSEG.Here' ...

Investors with an interest in Retail - Discount Stores stocks have likely encountered both Dollar General (DG) and TJX (TJX) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emphasis on earnings estimat ...