TJX (TJX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - TJX reported revenue of $14.06 billion for the quarter ended October 2024, reflecting a 6% increase year-over-year and surpassing the Zacks Consensus Estimate of $13.96 billion by 0.73% [1] - Earnings per share (EPS) for the quarter was $1.14, up from $1.03 in the same quarter last year, exceeding the consensus EPS estimate of $1.09 by 4.59% [1] Financial Performance Metrics - Comparable store sales increased by 3% overall, slightly below the average estimate of 3.6% [3] - HomeGoods comparable store sales rose by 3%, outperforming the average estimate of 1.5% [3] - Marmaxx comparable store sales grew by 2%, below the average estimate of 3.6% [3] - Consolidated same-store sales for TJX International (Europe & Australia) increased by 7%, exceeding the average estimate of 3.5% [3] - Comparable store sales in TJX Canada rose by 2%, above the average estimate of 1.3% [3] - The company opened 56 new stores, below the average estimate of 68 [3] - Total number of stores reached 5,057, slightly below the average estimate of 5,069 [3] - For T.J. Maxx in the U.S., the number of stores was 1,331, compared to the estimate of 1,339 [3] Sales Performance - Net sales for Marmaxx were reported at $8.44 billion, below the average estimate of $8.62 billion, representing a year-over-year increase of 4.1% [3] - Net sales for TJX International reached $1.89 billion, exceeding the average estimate of $1.73 billion, with a year-over-year change of 15.6% [3] - Net sales for TJX Canada were $1.38 billion, slightly above the average estimate of $1.36 billion, reflecting a 4.9% year-over-year increase [3] - HomeGoods net sales amounted to $2.36 billion, surpassing the average estimate of $2.29 billion, with a year-over-year change of 6.7% [3] Stock Performance - TJX shares have returned 3.8% over the past month, outperforming the Zacks S&P 500 composite's 1% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [4]