TJX Companies Inc
Q3 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +3.35%.
Did TJX Beat Earnings? Q3 2026 Results
The TJX Companies delivered a standout third quarter of Fiscal 2026, posting earnings per share of $1.28 against a consensus estimate of $1.22, a beat of roughly 4.95%, while revenue of $15.12 billion ran 1.74% above expectations and grew 7.5% year over year — results that <a href="https://247wallst.com/investing/2026/02/25/lowes-stumbles-on-weak-guidance-while-tjx-climbs-on-broad-off-price-beat/">reinforced TJX's retail momentum</a> in a mixed environment for the sector. The clearest driver behind the strength was a broad-based 5% rise in consolidated comparable sales, led by a 6% comp at Marmaxx and an 8% surge in TJX Canada, which combined with improved merchandise margins and lower freight costs to lift gross profit margin by a full percentage point to 32.6%. Pretax profit margin of 12.7% beat management's own plan by 0.6 percentage points, with diluted EPS rising 12% from $1.14 a year ago. Encouraged by the results and a strong start to the fourth quarter, management raised full-year FY26 guidance to diluted EPS of $4.63–$4.66, representing approximately 9% growth, while projecting Q4 comp sales up 2%–3% and continued ability to offset tariff headwinds at current levels.
- 5% consolidated comparable sales growth with strength across every division
- Higher merchandise margin driven by lower freight costs
- Expense leverage on above-plan sales
- Strong value proposition and treasure-hunt shopping experience drawing consumers
- Outstanding merchandise availability in the marketplace
“I am extremely pleased with our third quarter performance and the excellent execution of our off-price business model by our teams across the Company. Sales, pretax profit margin, and earnings per share all exceeded our expectations. Overall comp sales grew 5%, with strength at every division. We believe this is a testament to our value proposition and treasure-hunt shopping experience, which continue to draw consumers to our retail banners worldwide.”
TJX Companies CEO, on the earnings call
Forward Guidance & Outlook
For Q4 FY26, TJX plans consolidated comparable sales up 2%-3%, pretax profit margin of 11.7%-11.8%, and diluted EPS of $1.33-$1.36. For full year FY26, the Company raised guidance to 4% comp sales growth (up from prior guidance), pretax profit margin of 11.6% (up 0.1 percentage points vs. prior year), and diluted EPS of $4.63-$4.66 (approximately 9% growth over prior year's $4.26). Guidance assumes current tariff levels as of November 19, 2025 remain in place and that the Company can continue to offset tariff pressure in Q4. The Company expects to repurchase approximately $2.5 billion of TJX stock during FY26. The fourth quarter is off to a strong start with outstanding merchandise availability in the marketplace.
TJX YoY Financials
TJX Revenue by Segment
TJX Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.