TJX Companies Reports Q3 Results with 5% Sales Growth, Exceeding Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Source: Fool
- Sales Growth Highlight: TJX's comparable-store sales increased by 5% in Q3, significantly surpassing analyst expectations of 3.7%, demonstrating the effectiveness of its off-price retail model in attracting higher-income customers and solidifying its market position.
- Margin Improvement: Despite ongoing investments, TJX's pretax profit margin rose to 12.7%, up 40 basis points from the previous year, indicating the company's success in cost control and enhancing profitability.
- Expansion Plans: TJX aims to grow its store count from 5,191 to 7,000 over the next 10 to 15 years, with HomeGoods expected to nearly double its footprint in the U.S., reflecting the company's confidence in future growth.
- Shareholder Returns: In the first nine months of fiscal 2026, TJX returned $3.1 billion to shareholders through buybacks and dividends, showcasing its strong cash flow and commitment to shareholder value.
Analyst Views on TJX
Wall Street analysts forecast TJX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TJX is 169.81 USD with a low forecast of 150.00 USD and a high forecast of 193.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
17 Buy
1 Hold
0 Sell
Strong Buy
Current: 150.080
Low
150.00
Averages
169.81
High
193.00
Current: 150.080
Low
150.00
Averages
169.81
High
193.00
About TJX
The TJX Companies, Inc. is an off-price apparel and home fashions retailer in the United States (U.S.) and worldwide. The Company's segments include Marmaxx and HomeGoods, both in the U.S., TJX Canada and TJX International, including Europe and Australia. The TJ Maxx and Marshalls chains sell family apparel, including footwear and accessories, home fashions, including home basics, decorative accessories, and giftware and other merchandise. The HomeGoods segment operates HomeGoods and Homesense chains. HomeGoods offers an eclectic assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop, and cookware, as well as expanded pet and gourmet food departments. The TJX Canada segment operates the Winners, HomeSense and Marshalls chains in Canada, offering a range of home decor, furniture, and seasonal home merchandise. The TJX International segment operates the TK Maxx and Homesense chains in Europe and the TK Maxx chain in Australia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
