TJX Companies Posts Strong Q3 Results but Lowers Holiday Profit Outlook

The retailer beat earnings expectations and raised its full-year forecast but tempered projections for the holiday quarter, citing expense timing adjustments.

TJX Companies reported Q3 revenue of $14.06 billion, a 6% year-over-year increase, exceeding Wall Street estimates of $13.95 billion.
Earnings per share reached $1.14, surpassing analyst expectations of $1.09, driven by strong international sales, particularly in Europe with a 7% comparable sales growth.
The company raised its full-year EPS guidance to $4.15-$4.17, up from $4.09-$4.13, and reiterated its expectation of a 3% increase in comparable store sales for the fiscal year.
Despite a strong start to the holiday season, TJX's Q4 EPS guidance of $1.12-$1.14 fell short of market expectations, attributed to the reversal of Q3 expense timing benefits.
CEO Ernie Herrman highlighted long-term growth plans, including expansion into Spain in 2026 and investments in international ventures like a joint venture in Mexico and a stake in Dubai-based Brands for Less.