US-based global fashion and home furnishings retail group TJX Companies, owners of the Homesense and TK Maxx brands, has reported a growth in third quarter sales.
According to its latest trading update, total Q3 FY25 sales rose 6% to $14bn from $13.2bn in 2024.
Within its EU and Australia division, TJX International sales rose 16% to $1.88bn from $1.63bn.
For the third quarter of Fiscal 2025, the Company’s pretax profit margin was 12.3%, up 0.3 percentage points versus last year’s third quarter pretax profit margin of 12.0%.
Ernie Herrman, Chief Executive Officer and President of The TJX Companies, Inc., stated: “I am very pleased with our third quarter results and the strong execution of our off-price business fundamentals by our teams. Our comp store sales increase of 3% was at the high-end of our plan, and both pretax profit margin and earnings per share came in well above our expectations.
“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. I want to specifically highlight our European team for their strong results, which drove the 7% comp increase at our TJX International division.
“With our above-plan profitability results in the third quarter, we are raising our full year guidance for pretax profit margin and earnings per share. The fourth quarter is off to a strong start, and we are excited about our opportunities for the holiday selling season.
“In stores and online, we are offering consumers an ever-changing and inspiring shopping destination for gifts at excellent values, and feel confident that there will be something for everyone when they shop us. Going forward, we continue to see great potential to successfully grow TJX around the globe well into the future.”
