TJX reported net sales of $17.74bn over the three months to 31 January, up 9% year-on-year, with comparable sales rising 5%. Net income in Q4 improved to $1.77bn from $1.40bn the year before, whilst adjusted diluted earnings per share were $1.43, up 16% versus last year and well above the company’s plan. Gross profit margin for the quarter was 30.9%, up 0.4 percentage points versus last year’s 30.5%. However, net interest income negatively impacted Q4’s pretax profit margin by 0.1 percentage point vers ...

Core Insights - The TJX Companies, Inc. reported a 5% consolidated comparable sales growth in Q3 of fiscal 2026, with Marmaxx apparel achieving 6% and HomeGoods 5% growth, indicating strong performance in both segments [1][8] Sales Performance - Comparable sales growth was driven by increased customer transactions and a higher average basket size, with management noting selective price increases and strong value perception among consumers [2][4] - HomeGoods contributed stability with unique merchandise and plans for further store openings, enhancing customer traffic [3][8] Competitive Landscape - In comparison, Walmart Inc. achieved a 4.5% comparable sales increase, driven by e-commerce growth of 28%, while Burlington Stores reported a 1% increase in comparable store sales, rebounding after a drop due to weather conditions [5][6] Valuation and Estimates - TJX shares have increased by 7.1% over the past month, outperforming the industry growth of 1.8% [7] - The company trades at a forward price-to-earnings ratio of 29.77X, slightly below the industry average of 30.06X [9] - Zacks Consensus Estimates indicate year-over-year earnings growth of 9.6% for fiscal 2026 and 9.4% for fiscal 2027 [10]