From CNBC: 2024-11-20 11:29:47

TJX Cos. reported a strong start to the holiday shopping season, beating Wall Street’s expectations in its fiscal third quarter. The company’s net income was $1.30 billion, or $1.14 per share, with sales rising to $14.06 billion, up about 6% from a year earlier.

For its holiday quarter, TJX is expecting earnings per share between $1.12 and $1.14, below expectations of $1.18. The company is standing by its full-year comparable sales guidance of 3% growth. TJX is still increasing sales, winning over value-seeking consumers and making strides with younger shoppers.

TJX is looking abroad to boost sales, with its international division outperforming last year’s results. The company is planning to enter Spain with its TK Maxx banner in early 2026. Analysts were concerned about the impact of warm weather on off-price retailers like TJX, but it did not have a major effect on sales.



Read more at CNBC: TJX Companies (TJX) earnings Q3 2025