Overview

* TJX Q3 FY26 revenue grows 7% yr/yr, beating analyst expectations

* Q3 diluted EPS rises 12% to $1.28, exceeding company plan

* Company returned $1.1 bln to shareholders via buybacks and dividends in Q3

Outlook

* Company expects Q4 comp sales to rise 2% to 3%

* TJX raises full-year EPS outlook to $4.63-$4.66

* Company plans $2.5 bln stock repurchase in FY26

Result Drivers

* STRONG COMPARABLE SALES - TJX reported a 5% increase in comparable sales, driven by strength across all divisions, particularly in the U.S. and Canada

* HIGHER MERCHANDISE MARGIN - Lower freight costs and expense leverage on sales contributed to a 1.0 percentage point increase in gross profit margin

* OUTSTANDING MERCHANDISE AVAILABILITY - The company saw outstanding availability in the marketplace, enhancing its inventory position for the holiday season

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $15.12 $14.85

bln bln (15

Analysts

)

Q3 EPS $1.28

Q3 Net $1.44

Income bln

Q3 5.00%

comparab

le sales

Growth

Q3 $1.92

Pretax bln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the discount stores peer group is "buy"

* Wall Street's median 12-month price target for TJX Companies Inc ( TJX ) is $155.00, about 6.1% above its November 18 closing price of $145.58

* The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)