On August 20, 2025, the TJ Maxx logo will appear at a TJ Maxx store in Pasadena, California.
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CEO of TJX Co., Ltd. said Wednesday that the holiday season is off to a “strong start” as the TJ Maxx, Home Goods and Marshalls discounters reported third-quarter results that beat expectations on sales and bottom line profits.
“Product availability continues to be excellent and we are excited about the transactions we are seeing in the market,” CEO Ernie Herman said in a news release. He said the TJX brand is “establishing itself as a gift destination for value-conscious shoppers this holiday season.”
Still, the retailer’s holiday guidance fell short of Wall Street expectations. Assuming current pricing levels continue, the company expects sales to grow 2% to 3% this quarter, falling short of the expected 3.1% growth, according to Street Accounts. According to LSEG, TJX expects to post earnings of $1.33 to $1.36 per share, also slightly below expectations of $1.37.
The company’s stock was up less than 1% in afternoon trading.
Here’s how TJX performed this quarter compared to Wall Street expectations, based on a survey of analysts by LSEG.
Earnings per share: $1.28 vs. $1.22 expected Revenue: $15.12 billion vs. $14.85 billion expected
The company reported net income of $1.44 billion, or $1.28 per share, for the three months ended Nov. 1, compared with $1.3 billion, or $1.14 per share, in the same period last year.
Revenue was $15.12 billion, an increase of 7% from $14.06 billion in the same period last year.
Third-quarter comparable sales rose 5%, well above expectations for a 3.7% increase, according to StreetAccount.
TJX has raised its outlook following better-than-expected third-quarter results. Although the current quarter’s outlook was weaker than Wall Street’s expectations, the full-year outlook was solid.
For fiscal 2026, TJX now expects comparable sales to grow 4%, beating the 3.4% growth that analysts were expecting, according to StreetAccount. LSEG expects earnings per share to be between $4.63 and $4.66, beating analysts’ expectations of $4.61.
The off-price retailer has grown faster than expected in recent years, thanks to value-seeking consumers who are still willing to buy new clothes but are looking for deep discounts. While economic uncertainty is a challenge for most businesses, the trade-down effect from wealthy shoppers tends to support off-price retailers.
Even higher tariffs are seen as a positive for TJX, as forcing price increases in other regions will give customers more reason to shop at off-price stores, the company previously said.
