FRAMINGHAM, Mass.--(BUSINESS WIRE)--Aug. 30, 2012--
The TJX Companies, Inc. (NYSE: TJX) today reported August 2012 sales
results. Sales for the four-week period ended August 25, 2012, were $1.9
billion, up 10% over the $1.7 billion achieved during the four-week
period ended August 27, 2011. For the 30-week period ended August 25,
2012, sales reached $13.6 billion, also a 10% increase over the $12.4
billion achieved in the same period last year. Consolidated comparable
store sales for the four-week period ended August 25, 2012 increased 8%
over last year. For the 30-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, “We are delighted that the third quarter is off to a great
start. Our strong momentum continued into August and gained as the month
progressed, leading to comparable store sales increases that were well
ahead of our expectations. For the month, comparable store sales
increased 8% on a consolidated basis and 9% at The Marmaxx Group, our
largest division. Once again, the strength of our performance was broad
based. Customer traffic drove the comp sales increase across our
divisions in the U.S., Canada and Europe, which we believe is a great
indicator that our value proposition continues to resonate with
consumers. With such strong comp sales in August, we are now expecting
earnings per share in the fiscal 2013 third quarter to be near the high
end of our previously estimated range of $.56 to $.59. We believe we are
in an excellent position to buy into the terrific opportunities in the
marketplace, bringing great brands and fashions at compelling values to
our customers.”
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 1,010 T.J.
Maxx, 900 Marshalls, and 399 HomeGoods stores in the United States; 222
Winners, 87 HomeSense, and 13 Marshalls stores in Canada; and 339 T.K.
Maxx and 24 HomeSense stores in Europe. TJX’s press releases and
financial information are also available at www.tjx.com.
August and September 2012 Sales Recorded Calls
A recorded message with more detailed information regarding TJX’s August
2012 sales, operations and business trends is available at www.tjx.com,
or by calling (703) 736-7248 through Thursday, September 6, 2012. The
Company expects to release its September 2012 sales on Thursday, October
4, 2012, at approximately 8:15 a.m. ET. Concurrent with that press
release, a recorded message with more detailed information regarding
TJX’s September sales, operations and business trends will be available
at www.tjx.com,
or by calling (703) 736-7248 through Thursday, October 11, 2012.
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: 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 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