From Financial Modeling Prep: 2024-11-21 06:30:00

TJX Companies exceeded Q3 earnings expectations with EPS of $1.14 and revenue of $14.1 billion, a 6% increase YoY. Comparable store sales rose by 3% due to increased customer transactions. However, Q4 earnings guidance of $1.12 to $1.14 fell short of analysts’ $1.18 estimate, attributed to timing-related expenses.

Despite lower Q4 guidance, TJX raised its full-year profit margin outlook to 11.3% and EPS to $4.15-$4.17 for 2025. The company maintains a forecast of 3% comparable sales growth, indicating steady performance for the year ahead.



Read more at Financial Modeling Prep:: TJX Companies Beats Q3 Estimates But Guidance Weak