TJX Q3 revenue beats estimates

The TJX Companies

19/11/2025 12:38

Overview

TJX Q3 FY26 revenue grows 7% yr/yr, beating analyst expectations

Q3 diluted EPS rises 12% to $1.28, exceeding company plan

Company returned $1.1 bln to shareholders via buybacks and dividends in Q3

Outlook

Company expects Q4 comp sales to rise 2% to 3%

TJX raises full-year EPS outlook to $4.63-$4.66

Company plans $2.5 bln stock repurchase in FY26

Result Drivers

STRONG COMPARABLE SALES - TJX reported a 5% increase in comparable sales, driven by strength across all divisions, particularly in the U.S. and Canada

HIGHER MERCHANDISE MARGIN - Lower freight costs and expense leverage on sales contributed to a 1.0 percentage point increase in gross profit margin

OUTSTANDING MERCHANDISE AVAILABILITY - The company saw outstanding availability in the marketplace, enhancing its inventory position for the holiday season

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$15.12 bln
$14.85 bln (15 Analysts)
Q3 EPS
$1.28
Q3 Net Income
$1.44 bln
Q3 comparable sales Growth
5.00%
Q3 Pretax Profit
$1.92 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the discount stores peer group is "buy"

Wall Street's median 12-month price target for TJX Companies Inc is $155.00, about 6.1% above its November 18 closing price of $145.58

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release: ID:nBw6ymy5ga

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)