TJX Companies (TJX) earnings Q3 2026

CEO TJX Co. The holiday shopping season is off to a “strong start” as the discount store behind TJ Maxx, Home Goods and Marshalls posted third-quarter financial results that beat expectations at the top and bottom lines, the company said Wednesday.

“Product availability continues to be outstanding and we are excited about the deals we are seeing in the market,” CEO Ernie Herrman said in a press release. He said TJX’s brands “are in a strong position as gifting destinations for value-conscious shoppers this holiday season.”

Still, the retailer’s holiday expectations fell short of Wall Street’s expectations. According to StreetAccount, the company expects comparable sales to increase between 2% and 3% in the current quarter, assuming current tariff levels remain in place; This falls short of the 3.1% growth expectation. According to LSEG, TJX expects earnings per share to be between $1.33 and $1.36, which is just below expectations of $1.37.

The company’s shares were up less than 1% in afternoon trading.

Here’s how TJX performed this quarter compared to Wall Street’s expectations, according to a survey of analysts conducted by LSEG:

• Earnings per share: $1.28 instead of the expected $1.22
• Revenues: 15.12 billion dollars, while the expectation was 14.85 billion dollars

The company’s reported net income for the three months ended Nov. 1 was $1.44 billion, or $1.28 per share, compared to $1.30 billion, or $1.14 per share, a year earlier.

Sales rose 7% to $15.12 billion from $14.06 billion a year earlier.

Comparable sales rose 5% in the third quarter, according to StreetAccount, well above expectations for 3.7% growth.

TJX raised its guidance following better-than-expected third-quarter results. While guidance for the current quarter was weaker than Wall Street expected, the full-year outlook came in stronger.

According to StreetAccount, TJX expects comparable sales for fiscal 2026 to grow 4%, better than analysts expected 3.4% growth. According to LSEG, earnings per share are expected to be between $4.63 and $4.66; This is better than analysts’ expectations of $4.61.

The discount retailer has been growing faster than expected in recent years thanks to value-hunting consumers who still want to buy new clothes but are looking for an impressive discount. While uncertain economic times are a challenge for most companies, they tend to help lower-priced retailers due to the trade-down impact created by wealthier consumers.

The company has previously said that even higher tariffs are seen as a positive for TJX because there would be more reason to shop at a lower-priced store if they caused prices to rise elsewhere.