What is The Tjx's latest dividend and current dividend yield?

What does The Tjx do and what are its main business segments?

What is The Tjx's gross profit margin?

What guidance did The Tjx's management provide for the next earnings period?

What is the market's earnings forecast for The Tjx next quarter?

What factors drove the changes in The Tjx's revenue and profit?

What is the revenue and EPS growth rate for The Tjx year over year?

What were the key takeaways from The Tjx’s earnings call?

- **Revenue Growth**: Q3 comp sales +5%, driven by 6% at Marmaxx, 5% at HomeGoods, and 8% in Canada. Full-year guidance raised to 4% growth.
- **Margin Expansion**: Pretax margin 12.7% (up 40bps YoY), gross margin +100bps from lower freight costs. Full-year pretax margin target 11.6%.
- **Holiday Strength**: Inventory up 12%, fresh assortments flowing weekly. Digital campaigns emphasize value and gifting options.
- **Strategic Initiatives**: 7,000 global store target, Spain entry in 2026. Testing AI in fraud detection, HR, and marketing optimization.


**【CEO Summary Section】**
- **Strong Q3 Performance**: Overall comp sales grew 5%, driven by 6% at Marmaxx, 5% at HomeGoods, and 8% in Canada. All divisions saw strong apparel and home category growth.
- **Holiday Momentum**: Confident in Q4 with fresh assortments, digital marketing campaigns, and gift-giving focus. Inventory is up 12% to support holiday flows.
- **Long-Term Growth**: Targeting 7,000 stores globally, including Spain entry in 2026. Believes quality branded merchandise availability will sustain growth.

**【CFO Financial Commentary】**
- **Q3 Financial Highlights**: 
  - Pretax margin 12.7% (up 40bps YoY), driven by 100bps gross margin expansion from lower freight costs and expense leverage.
  - Diluted EPS $1.28 (up 12% YoY), above plan due to merchandise margin strength and expense control.
  - Full-year guidance raised: 4% comp sales growth, 11.6% pretax margin (up 10bps YoY).
- **Divisional Strength**: 
  - Marmaxx margin 14.9% (up 60bps), HomeGoods margin 13.5% (up 120bps), Canada margin 14.9% (FX-adjusted stable), International margin 9.2% (up 190bps).

**【Q&A Highlights】**
- **Tariff Mitigation**: Offset all Q3 tariff pressure, expect to continue in Q4. Freight savings from ocean rates and logistics efficiencies.
- **Consumer Trends**: Lower income demos driving comp, but balanced across all demographics. Value perception scores remain strong despite selective price increases.
- **AI Strategy**: Testing AI in fraud detection, HR, marketing optimization, and supply chain. Focus on augmenting, not replacing, human expertise.
- **Inventory Management**: Flexibility to pivot on pricing with 3-4 week inventory turnover. No overbuying despite strong sales momentum.


The TJX Companies, Inc. (TJX) Q3 2026 Earnings Call Transcript

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