TJX Companies: The Retail Stock Thriving Amid Tariffs and Inflation

TJX Companies reported a 5% comparable-store sales growth in Q3, surpassing analyst estimates. The company's off-price retail model benefits from higher-income customers trading down and increased transaction volumes and basket sizes. TJX is firing on all cylinders, with positive comps at all concepts and pretax profit margins at 12.7%. The company sees potential to grow its store base to 7,000, with a focus on HomeGoods and international expansion.