TJX (TJX) Q3 FY25 Earnings Breakdown
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Key Highlights: Consolidated comparable store sales increased 3%, driven entirely by customer transactions, indicating strong customer appeal for their value proposition. “Across the Company, customer transactions drove our comp sales increases, which tells us that our values and treasure hunt shopping experience are appealing to a wide range of customers.” - Ernie Herrman, CEO and President Pretax profit margin reached 12.3%, a 0.3 percentage point increase from the previous year and 0.4 percentage points above plan, attributed to timing of expenses, expense savings, and higher net interest income. Diluted earnings per share (EPS) rose to $1.14, an 11% increase compared to the previous year and significantly above plan. TJX International division achieved a 7% comparable store sales increase, highlighting successful performance in the European market. Returned $997 million to shareholders through share repurchases and dividends, demonstrating commitment to shareholder value. Completed investments in two strategic partnerships:A joint venture with Grupo Axo for a 49% stake in their off-price physical store business in Mexico, further expanding TJX's international presence. A 35% non-controlling minority stake in Brands For Less, the leading off-price retailer in the UAE and Saudi Arabia, broadening their reach in the Middle Eastern market.
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