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

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 reports q3 fy24 results.

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. Create profiles for personalised advertising. Use profiles to select personalised advertising. Create profiles to personalise content. Use profiles to select personalised content. Measure advertising performance. Measure content performance. Understand audiences through statistics or combinations of data from different sources. Develop and improve services. Use limited data to select content.

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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. 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. Across our geographies and wide customer demographic, our values and exciting, treasure-hunt shopping experience continued to resonate with consumers. With our above-plan results in the third quarter, we are raising our full year guidance for comp store sales and earnings per share. The fourth quarter is off to a strong start, and we are pursuing the plentiful deals we are seeing for great brands and great fashions in the marketplace.

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.

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Maxx and 79 Homesense stores, as well as tkmaxx. Footwear is something which never goes off trend. Excluding these expected benefits, the Company is now expecting fourth quarter Fiscal adjusted pretax profit margin to be in the range of Other long-term liabilities. Stay in the current country edition. Do you have a news tip for Investopedia reporters? Trading Rating. Press Release. The forward-looking statements in this release speak only as of the date of this release, and we do not undertake any obligation to publicly update or revise our forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied in such statements will not be realized. The fourth quarter is off to a strong start, and we are pursuing the plentiful deals we are seeing for great brands and great fashions in the marketplace. Definition and vs. Interest income expense, net.

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

The Company encourages investors to consult that section of its website regularly. Current portion of long-term debt. For Fiscal , due to the temporary closing of stores as a result of the COVID global pandemic, the Company reported open-only comparable store sales. Use profiles to select personalised advertising. Submit your press release on. Dow 30 39, Thirteen Weeks Ended. Increase decrease in accrued expenses and other liabilities. Maxx and Marshalls stores and tjmaxx. Maxx Maxx 76 78 1. You may accept or manage your choices by clicking below, including your right to object where legitimate interest is used, or at any time in the privacy policy page. Wall Street gains on easing producer prices, Target's upbeat forecast.