Tjx reports q3 fy24 results.

Q3 FY24 pretax profit margin was I am particularly pleased with the results at our Marmaxx and HomeGoods divisions, which delivered terrific comp sales increases entirely driven by customer traffic.

The operator of T. The company explained that the reduced quarterly profit forecast related to the timing of expenses. He added that overall apparel sales remained strong, and home goods sales accelerated from the previous quarter. Herrman also said that the fourth quarter was "off to a strong start. Although TJX shares lost ground Wednesday, they remained in positive territory for the year. Use limited data to select advertising.

Tjx reports q3 fy24 results.

The pretax profit margin for Q3 FY24 stood at The income statement reflects the company's strong sales performance and profitability, with gross profit margin improving by 2. Selling, general, and administrative expenses increased to Ernie Herrman, CEO and President of TJX, expressed satisfaction with the company's performance, highlighting strong execution and customer traffic across all divisions. Herrman noted the company's strong position as a shopping destination for the holiday season and its opportunities for growth, market share capture, and profitability enhancement. For a detailed analysis of TJX's financial performance and future outlook, investors and interested parties are encouraged to review the full 8-K filing. This article first appeared on GuruFocus. Dow 30 39, Nasdaq 15, Russell 2, Crude Oil Gold 2, Silver

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The company's pre-tax profit margin for Q3 FY24 was 12 per cent, exceeding both the company's expectations and the Gross profit margin also saw an improvement, reaching Despite these gains, selling, general, and administrative costs as a percent of sales for Q3 FY24 were up to In terms of expansion, the company increased its store count by 50 stores, bringing the total to 4, stores. This expansion also included a 1 per cent increase in total square footage compared to the prior quarter.

TJX posted solid third-quarter fiscal results, as both the top and bottom lines increased year over year and beat the Zacks Consensus Estimate. Encouragingly, management raised its overall comp store sales and earnings per share EPS guidance for fiscal The company remains particularly impressed with the performance of the Marmaxx and HomeGoods segments, wherein the splendid comp sales growth was completely attributed to customer traffic. TJX Companies saw increased traffic in all segments, with apparel and home sales coming strong. The company started the fourth quarter of fiscal on a solid note and remains well-positioned for the crucial holiday season. The third-quarter EPS included a 3-cent adverse effect of the closure of the HomeGoods e-commerce business and a 3-cent unplanned gain from the timing of some costs. The Zacks Consensus Estimate was pegged at 97 cents. Foreign currency movements had a 2-cent positive effect on EPS.

Tjx reports q3 fy24 results.

At a. A real-time webcast of the call will be available to the public at TJX. A replay of the call will also be available by dialing toll free or through Tuesday, November 21, , or at TJX. These include 1, T. Maxx and 79 Homesense stores, as well as tkmaxx. Maxx stores in Australia. The Company routinely posts information that may be important to investors in the Investors section at TJX. The Company encourages investors to consult that section of its website regularly. View source version on businesswire. By continuing to use our service, you agree to our use of cookies.

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Other long-term liabilities. Read full article. Despite these gains, selling, general, and administrative costs as a percent of sales for Q3 FY24 were up to Excluding these expected benefits, the Company expects full-year Fiscal adjusted pretax profit margin to be approximately Effect of exchange rate changes on cash. Understand audiences through statistics or combinations of data from different sources. Nikkei 39, At a. Please email us at. Sign Up for F2F Newsletters. I am particularly pleased with the results at our Marmaxx and HomeGoods divisions, which delivered terrific comp sales increases entirely driven by customer traffic. Condensed Statements of Cash Flows.

At a. A real-time webcast of the call will be available to the public at TJX.

Condensed Statements of Cash Flows. Related Articles. Period Day Week. These choices will be signaled to our partners and will not affect browsing data. Customer traffic was up across all divisions, our overall apparel sales remained very strong, and home sales were outstanding and accelerated sequentially versus the second quarter. Condensed Balance Sheets. Net interest income benefitted third quarter Fiscal pretax profit margin by 0. Revolutionising wellness with responsive textiles. See Comparable Store Sales, below, for further detail on these measures. EPS Revisions. In Europe:.