TJX Companies (TJX) Q3 2026 Earnings

CEO of TGX Enterprises The holiday shopping season is off to a “strong start” as the discounter behind TJ Maxx, Home Goods and Marshalls released fiscal third-quarter results that beat expectations at the top and bottom, he said Wednesday.

“Merchandise availability continues to be great, and we are excited about the deals we are seeing in the market,” Ernie Herman, the company’s CEO, said in a press release. The company’s brands “are strongly positioned as gifting destinations for value-conscious shoppers this holiday season,” he said.

However, retailer guidance for the holidays fell short of Wall Street expectations. Assuming current tariff levels remain in place, the company expects comparable sales to rise between 2% and 3% in the current quarter, just shy of the 3.1% growth forecast, according to StreetAccount. TJX expects earnings per share to range between $1.33 and $1.36, also slightly below expectations of $1.37, according to LSEG.

Shares rose more than 2% in premarket trading.

Here’s how TJX performed during the quarter compared to what Wall Street was expecting, based on a survey of analysts conducted by LSEG:

• EPS: $1.28 vs. $1.22 expected
• profit: $15.12 billion versus $14.85 billion expected

The company’s reported net income for the three-month period ending November 1 was $1.44 billion, or $1.28 per share, compared to $1.30 billion, or $1.14 per share, in the previous year.

Sales rose to $15.12 billion, up 7% from $14.06 billion the previous year.

During the third quarter, comparable sales rose 5%, far exceeding expectations for 3.7% growth, according to StreetAccount.

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

For fiscal 2026, TJX now expects comparable sales to rise 4%, better than analysts’ expectations for growth of 3.4%, according to StreetAccount. Earnings per share are expected to be between $4.63 and $4.66, better than the $4.61 analysts expected, according to LSEG.

The discount retailer has grown faster than expected in recent years thanks to value-seeking consumers who are still willing to buy new clothes, but are looking for an impressive discount. While uncertain economic times are challenging for most businesses, they tend to help retailers off-price due to the impact of downward trade from more affluent shoppers.

The company previously said higher tariffs are a positive for TJX because if they impose price increases elsewhere, that’s all the more reason to shop at an off-price store.