TJX Forecasts 6.2% Sales Gain after Q3 Revenue Beats by 7.5%
TJX delivered $15.12 billion in revenue last quarter, a 7.5% year-on-year increase that exceeded analysts’ EBITDA and gross-margin expectations. For the coming quarter, consensus forecasts call for 6.2% revenue growth, up from flat growth a year ago, while peers trade down 2.5% and TJX is up 5.1%.
1. Strong Q3 Results
TJX reported $15.12 billion in revenue in its last quarter, marking a 7.5% year-on-year increase and outpacing analysts’ estimates on revenue, EBITDA, and gross margins.
2. Q4 Revenue Forecast
Analysts project revenue will grow 6.2% year-on-year in the upcoming quarter, a rebound from flat growth in the same period last year.
3. Analyst Sentiment and Peer Comparison
Estimates have remained steady over the past 30 days as TJX becomes the first major general merchandise retailer to report, with peers down an average 2.5% while TJX shares have risen 5.1% over the last month.