$TJX (+0.11%) Q3 Earnings Highlights:

🔹 EPS: $1.14 (Est. $1.09) 🟢

🔹 Revenue: $14.1B (Est. $13.95B) 🟢; UP +6% YoY

🔹 Comparable Store Sales: +3%, entirely driven by customer transactions.

GUIDANCE:

🔹 FY25 EPS: $4.15-$4.17 (Prior: $4.05-$4.17, Est. $4.15) 🟡

🔹 FY25 SSS: +3%.

🔹 Q4 EPS: $1.12-$1.14 (Est. $1.18) 🔴

🔹 Q4 SSS: +2%-3%.

Q3 Segment Performance:

🔹 Marmaxx (U.S.): $8.44B; UP +4% YoY; Comp Sales: +2%.

🔹 HomeGoods (U.S.): $2.36B; UP +7% YoY; Comp Sales: +3%.

🔹 TJX Canada: $1.38B; UP +5% YoY; Comp Sales: +2%.

🔹 TJX International: $1.89B; UP +16% YoY; Comp Sales: +7%.

Margins:

🔹 Gross Margin: 31.6% (UP +50 bps YoY).

🔹 Pre-Tax Profit Margin: 12.3% (UP +30 bps YoY).

Inventory:

🔹 Total Inventory: $8.4B; UP +1% YoY.

🔹 Per-Store Inventory: DOWN -2% YoY.

Strategic Developments:

🔹 Completed joint venture with Grupo Axo in Mexico ($179M).

🔹 Acquired 35% stake in Brands For Less in Dubai ($344M).

🔹 Added 56 new stores, totaling 5,057 stores globally.