TJX (TJX) Q3 FY25 Earnings Breakdown

Key Highlights:

• Consolidated comparable store sales increased 3%, driven entirely by customer transactions, indicating strong customer appeal for their value proposition.
• “Across the Company, customer transactions drove our comp sales increases, which tells us that our values and treasure hunt shopping experience are appealing to a wide range of customers.” - Ernie Herrman, CEO and President
• Pretax profit margin reached 12.3%, a 0.3 percentage point increase from the previous year and 0.4 percentage points above plan, attributed to timing of expenses, expense savings, and higher net interest income.
• Diluted earnings per share (EPS) rose to $1.14, an 11% increase compared to the previous year and significantly above plan.
• TJX International division achieved a 7% comparable store sales increase, highlighting successful performance in the European market.
• Returned $997 million to shareholders through share repurchases and dividends, demonstrating commitment to shareholder value.
• Completed investments in two strategic partnerships:A joint venture with Grupo Axo for a 49% stake in their off-price physical store business in Mexico, further expanding TJX's international presence.
• A 35% non-controlling minority stake in Brands For Less, the leading off-price retailer in the UAE and Saudi Arabia, broadening their reach in the Middle Eastern market.