CNBC Investing Club: Cramer’s Morning Take on TJX 2/25/26

SPEAKER_1 (0:00)

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Jim Cramer (1:00)

Jim Cramer here to share a short preview of my take on the market from today's members only CNBC Investing Club morning meeting. Join the club for full access to the morning meeting every day at 10 20 a.m. Visit cnbc.com/morningtake to sign up today. That's one word, morning take.

SPEAKER_4 (1:23)

Why don't we talk about TJX earnings? Yeah, this is really important.

Jim Cramer (1:27)

Yeah, this is really important because I, okay, this will only be up more, I mean, the conference call is going on.

SPEAKER_4 (1:34)

11 o'clock.

Jim Cramer (1:35)

And that people, that scares people. But here's what you need to know. I want people to understand that the way you look at retail is to look at same store sales, how a store did the next year from the previous year. US Marmax up 5% that's TJ Maxx.

SPEAKER_4 (1:49)

And Marshalls.

Jim Cramer (1:50)

Marshalls. I was in Marshalls the other day. US Home Goods up 6%. That's extraordinary. TJ Maxx, Canada is not that big up 7%. International at 4%.

No stores are doing those numbers. Those are radically great numbers. People loved Home Depot because they were doing one. So people have to recognize TJ Maxx is just head and shoulders above everybody.

SPEAKER_4 (2:10)

Yeah, and look, earnings, it's the same story. If you back out the 15 cent benefit they got from a litigation sentiment, $1.43, consensus was $1.39. They guided $1.33 to $1.36. So $0.07 above the high end of the guide, which is why when you see perhaps a light guide for Q1 as well as the full year, you have to take it with a grain of salt. This is what the company usually does. They under promise, they over deliver. And yes, in the press release, they say the first quarter is off to a strong start, which that's a good sign, and the availability of quality merchandise continues to be outstanding, and then longer term, looking for opportunities to increase market share.

Jim Cramer (2:49)

Just excellent, excellent.

SPEAKER_5 (2:53)

All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates, and may have been previously disseminated by Cramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. To view the full CNBC Investing Club disclaimer, please visit cnbc.com/investingclubdisclaimer.

SPEAKER_2 (3:24)

Trading at Schwab is powered by Ameritrade, giving you even more specialized support than ever before. Like access to the trade desk. Our team of passionate traders ready to tackle anything from the most complex trading questions to a simple strategy gut check. Need assistance? No problem. Get 24-7 professional answers and live help and access support by phone, email and in-platform chat. That's how Schwab is here for you to help you trade brilliantly. Learn more at schwab.com/trading.