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The TJX Companies, Inc. Reports 8% May 2012 Comp Sales Increase; Updates Second Quarter Outlook

FRAMINGHAM, Mass.--(BUSINESS WIRE)--May. 31, 2012-- The TJX Companies, Inc. (NYSE: TJX) today reported May 2012 sales results. Sales for the four-week period ended May 26, 2012, were $1.9 billion, up 10% over the $1.7 billion achieved during the four-week period ended May 28, 2011. For the 17-week period ended May 26, 2012, sales reached $7.7 billion, an 11% increase over the $6.9 billion achieved in the same period last year. Consolidated comparable store sales for the four-week period ended May 26, 2012 increased 8% over last year. For the 17-week, year-to-date period, consolidated comparable store sales also increased 8% over the same period last year.

Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “The second quarter is off to a great start as our momentum continued in May. Comparable store sales increased 8% both on a consolidated basis and at The Marmaxx Group, our largest division, as the second half of the month exceeded our expectations. We were particularly pleased to see all of our businesses across the U.S., Canada and Europe continue to post such consistent, strong performance. Once again, customer traffic was up significantly at every division which we believe speaks to the power of our values, brands and fashions. With above-plan sales in May, we now expect second quarter earnings per share to be at the high end of our previously estimated range of $.47 - $.50. We remain very well positioned to buy into the exciting opportunities we are seeing in the marketplace and offer consumers great brands and fashions at tremendous value.”

About The TJX Companies, Inc.

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 1,006 T.J. Maxx, 892 Marshalls, and 390 HomeGoods stores in the United States; 220 Winners, 87 HomeSense, and 12 Marshalls stores in Canada; and 337 T.K. Maxx and 24 HomeSense stores in Europe. TJX’s press releases and financial information are also available at www.tjx.com.

May and June 2012 Sales Recorded Calls

A recorded message with more detailed information regarding TJX’s May 2012 sales, operations and business trends is available at www.tjx.com, or by calling (703) 736-7248 through Thursday, June 7, 2012. The Company expects to release its June 2012 sales on Thursday, July 5, 2012, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJX’s June sales, operations and business trends will be available at www.tjx.com, or by calling (703) 736-7248 through Thursday, July 12, 2012.

Important Information at Website

Archived versions of the Company’s recorded messages and conference calls are available at www.tjx.com after they are no longer available by telephone. The Company routinely posts information that may be important to investors in the Investor Information section at www.tjx.com. The Company encourages investors to consult that section of its website regularly.

Forward-looking Statement

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Various statements made in this release are forward-looking and involve a number of risks and uncertainties. All statements that address activities, events or developments that we intend, expect or believe may occur in the future are forward-looking statements. The following are some of the factors that could cause actual results to differ materially from the forward-looking statements: buying and inventory management; operational expansion and management of large size and scale; customer trends and preferences; market, banner, geographic and category expansion; marketing, advertising and promotional programs; competition; personnel recruitment and retention; global economic conditions and consumer spending; data security; information systems and technology; seasonal influences; adverse or unseasonable weather; serious disruptions and catastrophic events; corporate and banner reputation; merchandise quality and safety; international operations; merchandise importing; commodity pricing; foreign currency exchange rates; fluctuations in quarterly operating results; market expectations; acquisitions and divestitures; compliance with laws, regulations and orders; changes in laws and regulations; outcomes of litigation, legal matters and proceedings; tax matters; real estate leasing; cash flow and other factors that may be described in our filings with the Securities and Exchange Commission. We do not undertake to publicly update or revise our forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied in such statements will not be realized.

Source: The TJX Companies, Inc.

The TJX Companies, Inc.
Sherry Lang
Senior Vice President
Global Communications
(508) 390-2323