TJX Cashes In On Treasure-Hunt Shoppers, Sweetens Outlook

Benzinga

TJX posted Q3 EPS of $1.28 on $15.12B in revenue, beating expectations with 7% growth and a 5% rise in comparable sales across Marmaxx, HomeGoods, TJX Canada, and TJX International. CEO Ernie Herrman said the company’s value-driven treasure-hunt model continues to attract shoppers worldwide. TJX reaffirmed its Q4 GAAP EPS outlook of $1.33–$1.36.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street. TJX reported third-quarter earnings of $1.28 per

00:05share on $15.12 billion in sales, beating expectations, delivering 7% year-over-year

00:10revenue growth, according to Benzinga. Solidated comparable sales rose 5% as Marbex HomeGoods,

00:16TJX Canada, and TJX International hosted 7% to 9% sales gains. CEO already Herman said strong

00:23results reflect the company's value-focused treasure-on shopping experience that continues

00:28to attract customers globally. TJX entered the quarter with higher inventories at $9.4 billion,

00:34generated $1.5 billion in operating cash flow, and held $4.6 billion in cash. TJX expects fourth-quarter

00:41comparable sales to rise 2% to 3% and reaffirmed its GAAP EPS outlook of $1.33 to $1.36.

00:48For all things money, visit Benzinga.com.

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