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TJ Maxx CEO says company could benefit from Trump's proposed tariffs
Fox Business· 2024-11-22 18:26
Retailers and industry trade groups are sounding the alarm about how President-elect Donald Trump's proposed tariffs could lead to higher prices. However, officials from TJ Maxx's parent company have a different take, saying the discount retailer may actually benefit.  TJX Companies Inc. CEO Ernie Herrman said on an earnings call with analysts on Wednesday that when there is "chaos" in the market, it usually presents an "opportunity for us."His comment was in reference to a question about whether tariffs co ...
TJX Analysts Increase Their Forecasts After Upbeat Earnings
Benzinga· 2024-11-21 19:09
TJX Companies, Inc. TJX reported better-than-expected earnings for its third quarter on Wednesday.The company reported third-quarter earnings per share of $1.14 (+11%), beating the street view of $1.09. Quarterly sales of $14.06 billion (+6%) beat the analyst consensus estimate of $13.95 billion.TJX Companies reported a 3% increase in consolidated comparable store sales at the high end of the company's plan, driven entirely by higher customer transactions."I want to specifically highlight our European team ...
TJX Positioned For Market Share Gains: Analyst Notes Momentum In Sales And Margin Expansion
Benzinga· 2024-11-21 18:10
Goldman Sachs analyst Brooke Roach reiterated the Buy rating on TJX Companies, Inc. TJX with a price forecast of $137.Yesterday, the company reported third-quarter earnings per share of $1.14 (+11%), beating the street view of $1.09. Quarterly sales of $14.06 billion (+6%) beat the analyst consensus estimate of $13.95 billion.TJX Companies reported a 3% increase in consolidated comparable store sales at the high end of the company’s plan, driven entirely by higher customer transactions.Roach remains optimis ...
TJX Companies Stock Poised to Hit a New High This Year
MarketBeat· 2024-11-21 14:02
TJX Companies TodayTJXTJX Companies$119.74 +0.18 (+0.15%) 52-Week Range$87.44▼$122.10Dividend Yield1.25%P/E Ratio28.92Price Target$127.41Add to WatchlistTepid guidance or not, the TJX Companies NYSE: TJX stock price can hit another new high this year because the retail trends driving it remain in place. Those include growth driven by price-conscious shoppers, outperformance, margin strength, cash flow, and capital returns, which are expected to continue. The guidance was uninspiring for traders but aligned ...
TJX(TJX) - 2025 Q3 - Earnings Call Transcript
2024-11-20 19:09
Start Time: 11:00 January 1, 0000 12:02 PM ET The TJX Companies, Inc. (NYSE:TJX) Q3 2025 Earnings Call November 20, 2024, 11:00 AM ET Company Participants Ernie Herrman - CEO and President John Klinger - Senior EVP and CFO Debra McConnell - SVP, Global Communications Conference Call Participants Matthew Boss - JPMorgan Brooke Roach - Goldman Sachs Lorraine Hutchinson - Bank of America Paul Lejuez - Citi Michael Binetti - Evercore Alex Straton - Morgan Stanley Ike Boruchow - Wells Fargo Bob Drbul - Guggenhei ...
TJX Beats Q3 Earnings & Sales Estimates, Raises '25 EPS & Margin View
ZACKS· 2024-11-20 17:00
The TJX Companies, Inc. (TJX) posted strong third-quarter fiscal 2025 results, wherein the top and bottom lines increased year over year and beat the Zacks Consensus Estimate. With stronger-than-expected profitability in the fiscal third quarter, management is raising its full-year guidance for pretax profit margin and earnings per share (EPS).TJX Companies’ earnings were $1.14 per share, rising 11% year over year. The metric surpassed the Zacks Consensus Estimate of $1.09.Find the latest EPS estimates and ...
Discount Retailer TJX Lifts Outlook, Posts Higher-than-Estimated Q3 Results
Investopedia· 2024-11-20 15:36
KEY TAKEAWAYSTJX Companies, the operator of discount retailers including TJ Maxx, posted higher-than-expected quarterly results Wednesday and raised its full-year earnings outlook.TJX said it is raising its full-year pretax profit margin outlook and expects a 3% gain in comparable store sales year-over-year.Strong European sales drove gains in its international business, TJX said. TJX Companies (TJX), the operator of discount retailers including TJ Maxx, posted higher-than-expected quarterly results on the ...
TJX (TJX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-11-20 15:31
For the quarter ended October 2024, TJX (TJX) reported revenue of $14.06 billion, up 6% over the same period last year. EPS came in at $1.14, compared to $1.03 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $13.96 billion, representing a surprise of +0.73%. The company delivered an EPS surprise of +4.59%, with the consensus EPS estimate being $1.09.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compar ...
TJX Companies shares slip on weak holiday quarter profit guidance
Proactiveinvestors NA· 2024-11-20 15:23
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
TJX Stock Gaps Lower on Lackluster Q4 Guidance
Schaeffers Investment Research· 2024-11-20 15:00
TJX Companies Inc (NYSE:TJX) announced better-than-expected results for the third quarter and raised its full-year forecast, but lackluster fiscal fourth-quarter guidance appears to be hurting shares. Disappointing results from sector peer Target (TGT) are weighing on retailers as well. At last glance, TJX is down 1.5% to trade at $117.75, on track for its third-straight loss as it extends a pullback from its Nov. 14, record closing high of $121.13. The security still sports a 27.4% year-to-date lead, and ...