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2h ago

TJX Beats Q3, Lifts Outlook as CEO Says Holiday Start Is Strong

Higher import costs are steering value-focused shoppers to TJX’s off-price stores.

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TJ Maxx and Marshalls are winning over customers with their discount brand-name apparel and housewares.

Overview

  • Revenue rose 7% to $15.12 billion and earnings per share reached $1.28, with comparable sales up 5% and ahead of LSEG and StreetAccount estimates.
  • TJX raised its fiscal 2026 guidance to about 4% comparable sales growth and earnings per share of $4.63 to $4.66, topping analyst forecasts.
  • Current-quarter guidance calls for 2% to 3% comparable sales growth and $1.33 to $1.36 in earnings per share, slightly below Wall Street expectations and assuming existing tariffs persist.
  • CEO Ernie Herrman said the holiday season is off to a strong start and pointed to abundant merchandise and compelling deals across banners.
  • Shares gained more than 2% in premarket trading as Placer.ai reported accelerating store visits, including a 10.8% year-over-year increase in October.