TJX Upgrades FY25 EPS Outlook, But Sees Q4 EPS Below Estimates

WASHINGTON (dpa-AFX) – While reporting its third-quarter financial results on Wednesday, off-price retailer TJX Companies, Inc. (TJX) provided its fourth-quarter earnings and comparable sales outlook and raised its profit outlook for the full year. year 2025.

For the fourth quarter, the company now expects earnings in the range of $1.12 to $1.14 per share on consolidated same-store sales growth of 2 to 3 percent.

Looking ahead to fiscal 2025, the company now expects earnings in the range of $4.15 to $4.17 per share on consolidated same-store sales growth of approximately 3%.

Previously, the company expected earnings between $4.09 and $4.13 per share on consolidated same-store sales growth of about 3 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.18 per share for the quarter and $4.17 per share for the year. Analyst estimates generally exclude special items.

The company said it now expects to repurchase approximately $2.25 billion to $2.50 billion of TJX stock in the fiscal year ending February 1, 2025, up from the previous forecast of 2. 0 to 2.5 billion dollars.

The company also announced plans to enter Spain with its TK Maxx banner in early 2026.

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