FRAMINGHAM, Mass.--(BUSINESS WIRE)--May. 9, 2013--
The TJX Companies, Inc. (NYSE: TJX) today reported April 2013 sales
results. Sales for the four-week period ended May 4, 2013, were $2.0
billion, up 9% over the $1.8 billion achieved during the four-week
period ended April 28, 2012. For the 13-week period ended May 4, 2013,
sales reached $6.2 billion, a 7% increase over the $5.8 billion achieved
during the 13-week period ended April 28, 2012. Consolidated comparable
store sales for the four-week period ended May 4, 2013, increased 8%.
For the 13-week, year-to-date period, consolidated comparable store
sales increased 2% over last year’s reported 8% increase.
Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc.,
stated, “We are pleased with our 8% consolidated comparable store sales
increase in April, which was at the high end of our expectations. Both
in April and the first quarter, our consolidated comp sales increases
were achieved over strong growth last year. Customer traffic drove comp
increases at all divisions, as consumers responded to our extremely
fresh selections of branded spring apparel. With strong sales and
margins, we are further narrowing our first quarter earnings per share
expected range to $.61-$.62. This would represent a very solid increase
over last year’s first quarter, which had the highest EPS growth of that
year. As we enter the second quarter, May is off to a strong start and
our inventory levels are in an excellent position for us to buy into the
enormous amount of quality opportunities we are seeing 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 1,047 T.J.
Maxx, 911 Marshalls, 426 HomeGoods and 4 Sierra Trading Post stores as
well as SierraTradingPost.com
in the United States; 226 Winners, 89 HomeSense, and 21 Marshalls stores
in Canada; and 352 T.K. Maxx and 24 HomeSense stores in Europe. TJX’s
press releases and financial information are also available at www.tjx.com.
April 2013 Sales Recorded Call
A recorded message with more detailed information regarding TJX’s April
2013 sales, operations and business trends is available at www.tjx.com,
or by calling (703) 736-7248 through Thursday, May 16, 2013. As a
reminder, after today’s sales release, the Company will no longer report
monthly sales and will be reporting on a quarterly basis.
First Quarter Fiscal 2014 Conference Call
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