FRAMINGHAM, Mass.--(BUSINESS WIRE)--Feb. 2, 2012--
The TJX Companies, Inc. (NYSE: TJX) today reported January 2012 sales
results. Sales for the four-week period ended January 28, 2012, were
$1.4 billion, up 5% over the $1.3 billion achieved during the four-week
period ended January 29, 2011. For the 52 weeks ended January 28, 2012,
sales reached $23.2 billion, up 6% over the $21.9 billion achieved
during the 52-week period last year. Consolidated comparable store sales
for the four-week period ended January 28, 2012 increased 7% compared to
last year. For the 13-week fourth quarter, consolidated comparable same
store sales increased 7% over last year. For the 52-week, year-to-date
period, consolidated comparable store sales increased 4% compared to
last year.
Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc.,
stated, “We are pleased with our above-plan 7% comparable store sales
increase in January on both a consolidated basis and at The Marmaxx
Group. Further, every division of the Company delivered strong sales
results in the month. We believe that our tremendous value proposition
on great brands and fashions continued to drive large increases in
customer traffic. It’s exciting to see so many customers drawn to our
values and the strong momentum in our business as we enter the new
fiscal year. In addition, with lean inventories that are in excellent
shape, we are extremely well positioned to flow fresh, terrific spring
product to our stores.”
Updated Fourth Quarter Fiscal 2012 Guidance
The Company now expects fourth quarter Fiscal 2012 earnings per share to
be at or slightly above the high end of its previously estimated range
of $1.19 - $1.23. This guidance includes the net impact from several
items that affect comparability of results, including previously
discussed costs related to closing the Company’s StyleSense stores, an
early retirement program, the closure of a European office facility, and
a separation agreement, as well as write-offs and adjustments at TJX
Europe, offset in part by the net benefit of tax adjustments.
As a reminder, the Company announced a 2-for-1 stock split on January 5,
2012. The Company's stock will begin trading at its new split-adjusted
price on Friday, February 3, 2012 and the Company will be reporting its
fourth quarter and year-end earnings per share numbers on February 22,
2012 on a post-split basis, which will be approximately half the
pre-split numbers.
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 983 T.J.
Maxx, 884 Marshalls, and 374 HomeGoods stores in the United States; 216
Winners, 86 HomeSense, and 6 Marshalls stores in Canada; and 332 T.K.
Maxx and 24 HomeSense stores in Europe. TJX’s press releases and
financial information are also available at www.tjx.com.
January and February 2012 Sales Recorded Calls
A recorded message with more detailed information regarding TJX’s
January 2012 sales, operations and business trends is available at www.tjx.com,
or by calling (703) 736-7248 through Thursday, February 9, 2012. The
Company expects to release its February 2012 sales on Thursday, March 1,
2012, at approximately 8:15 a.m. ET. Concurrent with that press release,
a recorded message with more detailed information regarding TJX’s
February sales, operations and business trends will be available at www.tjx.com,
or by calling (703) 736-7248 through Thursday, March 8, 2012.
Fourth Quarter and Fiscal Year 2012 Conference
Call
Additionally, the Company expects to release its Fiscal 2012 fourth
quarter and year-end earnings on Wednesday, February 22, 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 Fiscal 2012 results, operations and business
trends, as well as expectations for Fiscal 2013. 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 Wednesday, February 29, 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: global economies and credit and
financial markets; foreign currency exchange rates; buying and inventory
management; market, geographic and category expansion; customer trends
and preferences; quarterly operating results; marketing, advertising and
promotional programs; data security; seasonal influences; large size and
scale; unseasonable weather; serious disruptions and catastrophic
events; competition; personnel recruitment and retention; acquisitions
and divestitures; information systems and technology; cash flows;
consumer spending; merchandise quality and safety; merchandise
importing; international operations; commodity prices; compliance with
laws, regulations and orders; changes in laws and regulations; outcomes
of litigation and proceedings; real estate leasing; market expectations;
tax matters 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