TJX Stock Rises Pre-Market After Earnings Forecast Hike On Strong Holiday Demand

• TJX sees consolidated comparable sales up 4%, versus its prior expectation of a 3% rise.
• TJX reported third-quarter net sales of $15.12 billion, compared with Wall Street estimates of $14.86 billion, according to data compiled by Fiscal AI.
• Dana Telsey of Telsey Advisory Group said that despite ongoing macro challenges, TJX continues to demonstrate resilience and consistency.

TJX Cos (TJX) became the top trending ticker on Stocktwits, and its shares rose nearly 3% in premarket trading on Wednesday following the retailer raising its annual comparable sales and profit forecasts, betting on steady consumer demand for its off-price products heading into the peak holiday season.

The company now expects fiscal 2026 earnings per share to be in the range of $4.63 to $4.66, up from its previous forecast of $4.52 to $4.57. TJX now sees consolidated comparable sales up 4%, versus its prior expectation of a 3% rise.

“Overall comp sales grew 5%, with strength at every division. We believe this is a testament to our value proposition and treasure-hunt shopping experience, which continue to draw consumers to our retail banners worldwide,” said CEO Ernie Herrman.

 “The fourth quarter is off to a strong start, the availability of merchandise continues to be outstanding, and we are excited about the deals we are seeing in the marketplace … Going forward, we see great potential to continue capturing market share,” Herrman added.

Analyst Takes

GlobalData retail analyst Neil Saunders said it is all too easy to dismiss TJX's good results as the stresses and strains of the consumer economy drive more people into off-price.

“There is truth in that, but it's not the whole picture. The wider point is that TJX - and its constituent companies - do an absolutely fantastic job in creating value,” Saunders added.

Dana Telsey of Telsey Advisory Group said that despite ongoing macro challenges, TJX continues to demonstrate resilience and consistency. “In our view, the company’s repeated earnings beats highlight the strength of its value-focused proposition, which continues to resonate with consumers amid an increasingly price-sensitive environment,” she said.

Q3 Results

TJX reported third-quarter net sales of $15.12 billion, compared with Wall Street estimates of $14.86 billion, according to data compiled by Fiscal AI.

The company’s quarterly diluted earnings per share came in at $1.28, compared with expectations $1.22.

Retail sentiment on TJX jumped to ‘extremely bullish’ territory from ‘bullish’ a day ago, with message volumes at ‘extremely high’ levels, according to data from Stocktwits.

Shares of TJX have gained nearly 20% this year.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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