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TJX Companies Beats Q3 Estimates But Guidance Weak

TJX Companies Beats Q3 Estimates But Guidance Weak Nov. 21, 2024, 6:30 a.m., readers: 1

TJX Companies (NYSE:TJX) delivered better-than-expected third-quarter results, but the fourth-quarter guidance came in below analyst expectations. The off-price retailer reported earnings per share of $1.14 for Q3, exceeding the Street consensus estimate of $1.09. Revenue grew 6% year-over-year to $14.1 billion, surpassing the forecast of $13.95 billion. Comparable store sales increased by 3%, driven entirely by higher customer transactions, reflecting strong consumer demand. Despite the positive quarterly performance, TJX’s fourth-quarter earnings guidance disappointed investors. The company projected EPS of $1.12 to $1.14, falling short of analysts’ expectation of $1.18. TJX attributed the softer guidance to an anticipated reversal of timing-related expense benefits from the third quarter. For the full year 2025, TJX raised its profit margin outlook to 11.3% and now expects EPS to range between $4.15 and $4.17. It maintained its forecast for 3% comparable sales growth, signaling steady performance for the year despite near-term headwinds.

About NYSE: TJX

T he TJX Companies, Inc., together with its subsidiaries, operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories;

Price: 119.77
Market cap: 135.1 billion USD
Eps: 4.24
P/e ratio: 28.25
Focus Analysis On: TJX