FRAMINGHAM, Mass.--(BUSINESS WIRE)--Jul. 5, 2012--
The TJX Companies, Inc. (NYSE: TJX) today reported June 2012 sales
results. Sales for the five-week period ended June 30, 2012, were $2.3
billion, up 9% over the $2.1 billion achieved during the five-week
period ended July 2, 2011. For the 22-week period ended June 30, 2012,
sales reached $10.0 billion, a 10% increase over the $9.1 billion
achieved in the same period last year. Consolidated comparable store
sales for the five-week period ended June 30, 2012 increased 7% over
last year. For the 22-week, year-to-date period, consolidated comparable
store sales increased 8% over the same period last year.
Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc.,
stated, “We are very pleased our strong trends continued in June. Our 7%
consolidated comparable store sales increase significantly exceeded our
expectations and was achieved over 5% growth last year. It is great to
see such consistent, strong performance across the Company, with all of
our businesses in the U.S., Canada and Europe continuing to deliver
excellent results. Customer traffic during the month increased
substantially at every division which speaks to the tremendous appeal of
our values, brands and fashions for consumers. With above-plan sales in
June and strong flow-through to the bottom line, we are now expecting
our second quarter earnings per share to be in the range of $.52 - $.53
which would represent double-digit growth on top of double-digit growth
in last year’s second quarter. For the full year, we are raising our EPS
guidance to $2.31 - $2.39. We are very well positioned to buy into the
opportunities we are seeing in the marketplace and offer consumers
exciting brands and fashions at great values.”
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 393 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.
June and July 2012 Sales Recorded Calls
A recorded message with more detailed information regarding TJX’s June
2012 sales, operations and business trends is available at www.tjx.com,
or by calling (703) 736-7248 through Thursday, July 12, 2012. The
Company expects to release its July 2012 sales on Thursday, August 2,
2012, at approximately 8:15 a.m. ET. Concurrent with that press release,
a recorded message with more detailed information regarding TJX’s July
sales, operations and business trends will be available at www.tjx.com,
or by calling (703) 736-7248 through Thursday, August 9, 2012.
Second Quarter Fiscal 2013 Conference Call
Additionally, the Company expects to release its second quarter earnings
on Tuesday, August 14, 2012, before 9:30 a.m. ET. At 11:00 a.m. ET that
day, Carol Meyrowitz, TJX’s Chief Executive Officer, will hold a
conference call with stock analysts to discuss the Company’s second
quarter Fiscal 2013 results, operations and business trends. A real-time
webcast of the call will be available at www.tjx.com.
A replay of the call will also be available at www.tjx.com
or by dialing (866) 367-5577 through Tuesday, August 21, 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
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.
Senior Vice President