Earnings summaries and quarterly performance for TJX COMPANIES INC /DE/.
Executive leadership at TJX COMPANIES INC /DE/.
Ernie Herrman
Chief Executive Officer and President
Alicia Kelly
Executive Vice President, Secretary and General Counsel
Carol Meyrowitz
Executive Chairman
Douglas Mizzi
Senior Executive Vice President, Group President
John Klinger
Senior Executive Vice President, Chief Financial Officer
Kenneth Canestrari
Senior Executive Vice President, Group President
Scott Goldenberg
Executive Advisor
Board of directors at TJX COMPANIES INC /DE/.
Research analysts who have asked questions during TJX COMPANIES INC /DE/ earnings calls.
Matthew Boss
JPMorgan Chase & Co.
6 questions for TJX
Michael Binetti
Evercore ISI
6 questions for TJX
Paul Lejuez
Citigroup
6 questions for TJX
Alex Straton
Morgan Stanley
5 questions for TJX
Brooke Roach
Goldman Sachs Group, Inc.
5 questions for TJX
Adrienne Yih-Tennant
Barclays
4 questions for TJX
Lorraine Hutchinson
Bank of America
4 questions for TJX
Jay Sole
UBS
3 questions for TJX
Mark Altschwager
Robert W. Baird & Co.
3 questions for TJX
Adrian Yee
Barclays PLC
2 questions for TJX
Corey Tarlow
Jefferies LLC
2 questions for TJX
Dana Telsey
Telsey Advisory Group
2 questions for TJX
Ike Boruchow
Wells Fargo
2 questions for TJX
Irwin Boruchow
Wells Fargo Securities
2 questions for TJX
John Kernan
Cowen Inc.
2 questions for TJX
Lorraine Maikis
Bank of America
2 questions for TJX
Marni Shapiro
The Retail Tracker
2 questions for TJX
Aneesha Sherman
AllianceBernstein
1 question for TJX
Chad Britnell
Morgan Stanley
1 question for TJX
Charles Grom
Gordon Haskett Research Advisors
1 question for TJX
Laura Champine
Loop Capital Markets LLC
1 question for TJX
Robert Drbul
Guggenheim Securities
1 question for TJX
Simeon Siegel
BMO Capital Markets
1 question for TJX
Recent press releases and 8-K filings for TJX.
- Consolidated comparable sales increased 5%, with strength across all divisions, leading management to raise full-year guidance for sales and profitability.
- Third quarter pre-tax profit margin was 12.7%, gross margin improved 100 bps, and diluted EPS of $1.28 reflected 12% growth year-over-year.
- Returned $1.1 billion to shareholders in the quarter through share buybacks and dividends.
- Fourth quarter guidance: comp sales up 2–3%, consolidated sales of $17.1–17.3 billion, and diluted EPS of $1.33–$1.36.
- In Q3 FY2026, comparable sales rose 5%, pre-tax margin improved to 12.7%, and diluted EPS reached $1.28, a 12% year-over-year gain.
- Divisional comps: Marmaxx +6% with a 14.9% margin, HomeGoods +5% at 13.5% margin, and Canada +8% (constant currency) with a 14.9% margin.
- For Q4, TJX guides comps of +2–3%, sales of $17.1–$17.3 B, pre-tax margin of 11.7–11.8%, and EPS of $1.33–$1.36; FY26 comps are expected at +4%, sales of $59.7–$59.9 B, pre-tax margin of 11.6%, and EPS of $4.63–$4.66.
- Comp sales rose 5%, diluted EPS was $1.28 (up 12% y/y); pre-tax profit margin reached 12.7% (+40 bps), driven by 100 bps gross margin improvement and expense leverage
- Strong division performance: Marmaxx comp +6% (14.9% margin), HomeGoods comp +5% (13.5% margin), TJX Canada comp +8% cc (14.9% margin), International comp +3% (9.2% margin cc)
- Inventory grew 12% overall and 8% per store; returned $1.1 billion to shareholders via buybacks and dividends in Q3
- Raised FY 2026 guidance: consolidated sales $59.7–$59.9 billion, EPS $4.63–$4.66 (+9%), Q4 comp sales +2–3%, Q4 EPS $1.33–$1.36
- TJX’s Q3 FY26 net sales were $15.1 billion (up 7%), consolidated comparable sales grew 5%, and diluted EPS was $1.28 (up 12%).
- Pretax profit margin reached 12.7%, a 0.4 percentage-point increase versus Q3 FY25.
- Returned $1.1 billion to shareholders in Q3 through share repurchases ($594 million) and dividends ($472 million).
- Raised full-year FY26 outlook to 4% comparable sales growth, 11.6% pretax profit margin, and $4.63–$4.66 EPS.
- Net sales rose about 7% YOY to $15.1 billion, with comparable sales up 5% in Q3
- Diluted EPS increased 12% to $1.28, and gross margin expanded to 32.6%
- Full-year fiscal 2026 guidance raised to comparable sales growth of 4% and EPS of $4.63 – 4.66
- Returned $1.1 billion to shareholders in Q3; repurchased $1.7 billion YTD and plans $2.5 billion in buybacks for FY 2026
- TJX Companies is positioned as the top discount retailer, offering 20–60% off comparable department store prices, catering to current consumer trade-down trends.
- The company delivered a strong earnings report last quarter and maintained full-year guidance for comparable sales, profit margins, and EPS in May.
- Management under CEO Ernie Herrman (since 2016) is credited with gaining market share within its retail class and from struggling department stores, supported by a strong balance sheet.
- Shares trade at 29× forward EPS, leading some investors to consider the stock expensive despite its momentum and consistent earnings growth.
- Retailers face tariff uncertainty leading to delayed and scaled-back holiday orders amid fears of higher costs and limited inventory.
- Toy industry disruptions: a 145% tariff on Chinese goods pushed production ramp-up from April to late May, causing ongoing supply chain delays.
- A Harris Poll shows 63% of consumers believe companies are exploiting the tariff environment for profit and 62% perceive declining product quality.
- TJX Companies benefit from overstocked inventory and cost efficiency, with recent earnings beating analyst expectations and a solid dividend yield.
- Amendments to the Credit Agreement: TJX has restated its revolving credit facility by replacing key schedules and reaffirming its borrowing obligations, effective as of May 9, 2025.
- Updated Exhibits and Terms: The filing includes updated exhibits detailing the first and second amendments to the credit agreements, along with new CUSIP numbers and revised terms.
Quarterly earnings call transcripts for TJX COMPANIES INC /DE/.
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