TJX Companies reported strong Q3 FY24 results, with comp store sales, pretax profit margin, and earnings per share exceeding expectations. Overall comp store sales increased by 6%, driven by customer traffic. The company raised its full-year guidance for comp store sales and earnings per share.
Overall comp store sales increased 6%, driven by customer traffic.
Comp store sales increased 7% at Marmaxx and 9% at HomeGoods.
Pretax profit margin was 12.0%, up 0.8 percentage points versus last year.
Diluted earnings per share were $1.03, up 13% versus last year.
For the fourth quarter of Fiscal 2024, the Company continues to expect overall comparable store sales to be up 3% to 4%. The Company now expects pretax profit margin to be in the range of 10.4% to 10.6% and diluted earnings per share to be in the range of $1.07 to $1.10.
Visualization of income flow from segment revenue to net income