TJ Maxx Parent Company TJX Reports Impressive Q3 Earnings, Raises Full-Year Guidance

Benzinga 2023-11-16

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TJX Companies, which owns TJ Maxx, HomeGoods and Marshalls, reported quarterly earnings that beat analysts' expectations. Revenue was $13.27 billion compared to an expected $13.09 billion. Earnings per share were $1.03 compared to an expected $0.99. TJX raised its full-year guidance for the third time this year, predicting comparable store sales growth of 4-5% compared to a previous 3-4% estimate. Earnings per share guidance was raised to $3.71-3.74 from $3.66-3.72. TJX has been taking market share from retailers like Macy's and Target as inflation-weary customers look for discounts. Apparel and home goods sales increased strongly.

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