:max_bytes(150000):strip_icc()/GettyImages-2171224975-6a2d9ddb26254f5d955ed0e347bf9a24.jpg "The TJ Maxx CEO Says Value-Conscious Holiday Shoppers Are Driving Sales")
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Key Takeaways
- TJ Maxx and Marshalls owner TJX posted earnings that exceeded analysts’ estimates.
- The off-price retailer also boosted its outlook on optimism about the holiday shopping season.
TJX (TJX) shares traded near their all-time highs Wednesday after the off-price retailer posted better-than-expected quarterly results and boosted its outlook.
The stock jumped close to 4% before paring back some of its early gains, leaving it just below its record levels Wednesday afternoon. The shares have added roughly a fifth of their value in 2025 so far.
The operator of TJ Maxx, Marshalls, Home Goods, and Sierra stores posted earnings per share of $1.28 for the third quarter, above analysts’ estimates compiled by Visible Alpha. Revenue jumped 7.5% year-over-year to $15.12 billion, also above estimates.
Same-store sales grew 5%, above company forecasts. By division, sales rose 8% at HomeGoods, 8% at TJX Canada, 9% at TJX International, and 7% at Marmaxx—a category that includes TJ Maxx, Marshalls, Sierra, and e-commerce stores.
CEO Ernie Herrman said the strong results underscore the company’s “value proposition and treasure-hunt shopping experience, which continue to draw consumers to our retail banners worldwide.”
Why This News Is Significant
Off-price retailers tend to outperform when shoppers hunt for discounts or switch from traditional department stores. The strong traffic at stores such as TJ Maxx and Marshalls highlights how a focus on value is shaping consumer behavior heading into the holidays.
Herrman also said the company’s stores and online sites are expected to be “strongly positioned as gifting destinations for value-conscious shoppers this holiday season.”
The company said it now sees full-year EPS in the range of $4.63 to $4.66 versus its previous outlook of $4.52 to $4.57. It anticipates same-store sales growth of 4%, compared to the previous expectation of a 3% gain.
