FRAMINGHAM, Mass.--(BUSINESS WIRE)--Apr. 11, 2013--
The TJX Companies, Inc. (NYSE: TJX) today reported March 2013 sales
results. Sales for the five-week period ended April 6, 2013, were $2.4
billion, up 5% over the $2.3 billion achieved during the five-week
period ended March 31, 2012. For the nine-week period ended April 6,
2013, sales reached $4.2 billion, a 6% increase over the $4.0 billion
achieved during the nine-week period ended March 31, 2012. Consolidated
comparable store sales for the five-week period ended April 6, 2013,
were down 2%. For the nine-week period ended April 6, 2013, consolidated
comparable store sales decreased 1%.
Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc.,
stated, “Due to the year-over-year timing of Easter, we had not planned
March to be a strong month against last year’s high increase, and our
comparable store sales were in line with our expected range. This was
despite the extraordinarily cold weather across most regions in the
U.S., Canada and Europe. In regions of the U.S. where weather was not an
issue, we saw comp sales increases. Further, overall business trends
improved as the weather became warmer. For the first quarter, even with
March sales at the low end of our expected range, merchandise margins
are on track to be better than last year and we are narrowing the range
of our earnings per share guidance to $.60-$.62. It is worth noting that
this represents a very solid increase over last year’s first quarter,
which had the highest EPS growth of that year. April is off to a good
start, our inventories are in great shape, and we are seeing an enormous
amount of desirable product in the marketplace.”
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 1,044 T.J.
Maxx, 909 Marshalls, 423 HomeGoods and 4 Sierra Trading Post stores as
well as SierraTradingPost.com
in the United States; 225 Winners, 89 HomeSense, and 21 Marshalls stores
in Canada; and 348 T.K. Maxx and 24 HomeSense stores in Europe. TJX’s
press releases and financial information are also available at www.tjx.com.
March and April 2013 Sales Recorded Calls
A recorded message with more detailed information regarding TJX’s March
2013 sales, operations and business trends is available at www.tjx.com,
or by calling (703) 736-7248 through Thursday, April 18, 2013. The
Company expects to release its April 2013 sales on Thursday, May 9,
2013, at approximately 8:15 a.m. ET. Concurrent with that press release,
a recorded message with more detailed information regarding TJX’s April
sales, operations and business trends will be available at www.tjx.com,
or by calling (703) 736-7248 through Thursday, May 16, 2013. As a
reminder, after the April sales release, the Company will no longer
report monthly sales and move to a quarterly reporting schedule. The
Company believes that this is the right practice for TJX and its
shareholders, reflecting the long-term approach it takes in planning and
running its business.
First Quarter Fiscal 2014 Conference Call
Additionally, the Company expects to release its first quarter earnings
on Tuesday, May 21, 2013, 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 first
quarter Fiscal 2014 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, May 28, 2013.
Important Information at Website
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: execution of buying strategy 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 and costs of labor;
global economic conditions and consumer spending; data security;
information systems and new technology; seasonal influences; adverse or
unseasonable weather; serious disruptions and catastrophic events;
corporate and banner reputation; merchandise quality and safety;
expanding international operations; merchandise importing; commodity
pricing; fluctuations in currency exchange rates; fluctuations in
quarterly operating results and market expectations; acquisitions,
business investments and divestitures; compliance with laws, regulations
and orders; changes in laws and regulations; outcomes of litigation,
legal matters and proceedings; tax matters; real estate activities; 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