The T.J. Maxx logo is displayed at a T.J. Maxx store on August 20, 2025 in Pasadena, California. <\/p>\n
Mario Tama | Getty Images<\/p>\n
The CEO of TJX Companies<\/a> said on Wednesday the holiday shopping season is off to a “strong start” as the discounter behind TJ Maxx, Home Goods and Marshalls issued fiscal third-quarter results that beat expectations on the top and bottom lines. <\/p>\n “The availability of merchandise continues to be outstanding, and we are excited about the deals we are seeing in the marketplace,” CEO Ernie Herrman said in a news release. He said the company’s brands are “strongly positioned as gifting destinations for value-conscious shoppers this holiday season.” <\/p>\n Still, the retailer’s holiday guidance fell short of Wall Street’s expectations. Assuming current tariff levels stay in effect, the company is expecting comparable sales to rise between 2% and 3% in its current quarter, shy of expectations of 3.1% growth, according to StreetAccount. TJX is expecting earnings per share to be between $1.33 and $1.36, which is also just below expectations of $1.37, according to LSEG. <\/p>\n Shares rose more than 2% in premarket trading. <\/p>\n Here’s how TJX performed during the quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:<\/p>\n The company’s reported net income for the three-month period that ended Nov. 1 was $1.44 billion, or $1.28 per share, compared with $1.30 billion, or $1.14 per share, a year earlier. <\/p>\n Sales rose to $15.12 billion, up 7% from $14.06 billion a year earlier.<\/p>\n During the third quarter, comparable sales rose 5%, far ahead of expectations of 3.7% growth, according to StreetAccount. <\/p>\n TJX raised its guidance after the better-than-expected third-quarter results. While guidance for its current quarter was weaker than Wall Street anticipated, its full-year outlook came in stronger. <\/p>\n For fiscal 2026, TJX is now expecting comparable sales to rise 4%, better than the 3.4% growth analysts were expecting, according to StreetAccount. It’s expecting earnings per share to be between $4.63 and $4.66, better than the $4.61 analysts were expecting, according to LSEG. <\/p>\n The off-price retailer has been growing faster than expected in recent years thanks to value-hunting consumers<\/a> who are still willing to shop for new clothes, but looking for an impressive discount. While uncertain economic times are a challenge for most companies, they tend to help off-price retailers because of a trade down effect from wealthier shoppers. <\/p>\n\n