The TJX Companies is leaning into its off-price strength this holiday season, delivering another quarter of solid growth and raising its full-year outlook as shoppers hunt harder for value in 2025. With higher sales, stronger margins, and an aggressive shareholder return program, the retailer is signaling confidence in its momentum heading into Fiscal 2026’s final quarter.
Q3 FY26 by the numbers
In the third quarter of Fiscal 2026, The TJX Companies reported net sales of 15.1 billion, up 7% versus the same quarter in Fiscal 2025. Consolidated comparable sales rose 5%, while net income reached 1.4 billion, and diluted EPS climbed 12% to $1.28 from $1.14 a year earlier.
Pretax profit margin for the quarter reached 12.7%, 0.4 percentage points higher than last year and 0.6 percentage points above the high end of the company’s plan, helped by a 32.6% gross profit margin driven by higher merchandise margin and sales…
leverage. SG&A rose to 20.1% of sales, up 0.6 percentage points, reflecting higher store wages, incentive compensation, and a contribution to the TJX Foundation. Nine-month performance and cash strength For the first nine months of Fiscal 2026, net sales grew 7% to 42.6 billion, with consolidated comparable sales up 4%.
Net income for the period reached 3.7 billion, and diluted EPS rose 9% to 3.30 from 3.03 in the prior-year period. Operating cash flow for the third quarter came in at 1.5 billion, with cash and cash equivalents totaling 4.6 billion at the quarter’s end.
Total inventories reached 9.4 billion, up 1.0 billion from the third quarter of Fiscal 2025, with per-store inventories, including distribution centers but excluding e-commerce and in-transit, up 8% on both a reported and constant-currency basis.
Store growth and global off-price footprint During the quarter ended November 1, 2025, The TJX Companies added 57 stores, bringing its total store count to 5,191 and increasing total square footage by 1.0% compared with the prior quarter…
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