Discount Retailer TJX Lifts Outlook, Posts Higher-than-Estimated Q3 Results

Core Insights - TJX Companies, operator of discount retailers including TJ Maxx, reported higher-than-expected quarterly results and raised its full-year earnings outlook [1][2] - The company experienced strong sales growth in Europe, contributing to gains in its international business [2][3] Financial Performance - TJX reported third-quarter net sales of $14.1 billion, a 6% increase year-over-year, surpassing estimates of $13.93 billion [2] - Earnings per share (EPS) reached $1.14, exceeding the $1.08 EPS estimate [3] Future Outlook - The company forecasts a 3% increase in full-year consolidated comparable store sales [3] - TJX raised its full-year pretax profit margin outlook to 11.3% and expects EPS to be in the range of $4.15 to $4.17 [4]