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Oct 28, 2023
TJX Q3 2024 Earnings Report
Reported above-plan comp store sales growth, pretax profit margin, and diluted earnings per share; increased comp store sales and earnings per share guidance.
Key Takeaways
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.
Forward Guidance
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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