FRAMINGHAM, Mass.--(BUSINESS WIRE)--Oct. 4, 2012--
The TJX Companies, Inc. (NYSE: TJX) today reported September 2012 sales
results. Sales for the five-week period ended September 29, 2012, were
$2.5 billion, up 10% over the $2.2 billion achieved during the five-week
period ended October 1, 2011. For the 35-week period ended September 29,
2012, sales reached $16.1 billion, a 10% increase over the $14.6 billion
achieved in the same period last year. Consolidated comparable store
sales for the five-week period ended September 29, 2012, increased 6%
over a 4% increase last year. For the 35-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 extremely pleased with our well-above-plan 6%
consolidated comp store sales increase in September as it demonstrates
our continued ability to post strong comp sales increases on top of
strong increases in the previous year. Customer traffic continued as the
driver of our comp sales increases at every division, a good indication
that our value proposition of great brands and fashions at amazing
prices continues to resonate with consumers. Marmaxx also achieved a
strong 6% comp sales increase and all divisions delivered excellent
performance. We are particularly happy with business at TJX Europe,
where comp sales increased 13%. Our results in Europe represent
consistently good performance and an increasingly strong trend, which
underscore our confidence in our European growth opportunity. It’s
important to note that we ended the month with great momentum across the
board, which bodes well for the rest of the fall as well as the 2012
holiday selling season, which we believe will be terrific for TJX!”
With above-plan sales in September, the Company would have raised its
EPS outlook for the third quarter. However, the Company also announced
that it now estimates that it will record a $.02 per share non-cash,
one-time charge in its Fiscal 2013 third quarter for the cumulative
impact of a correction to its pension accrual for prior fiscal years. As
a result of this previously unanticipated charge, the Company is
maintaining its previous guidance for third quarter earnings per share
to be near the high end of the range of $.56 - $.59.
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 1,018 T.J.
Maxx, 904 Marshalls, and 409 HomeGoods stores in the United States; 222
Winners, 87 HomeSense, and 13 Marshalls stores in Canada; and 341 T.K.
Maxx and 24 HomeSense stores in Europe. TJX’s press releases and
financial information are also available at www.tjx.com.
September and October 2012 Sales Recorded Calls
A recorded message with more detailed information regarding TJX’s
September 2012 sales, operations and business trends is available at www.tjx.com,
or by calling (703) 736-7248 through Thursday, October 11, 2012. The
Company expects to release its October 2012 sales on Thursday, November
1, 2012, at approximately 8:15 a.m. ET. Concurrent with that press
release, a recorded message with more detailed information regarding
TJX’s October sales, operations and business trends will be available at www.tjx.com,
or by calling (703) 736-7248 through Thursday, November 8, 2012.
Third Quarter Fiscal 2013 Conference Call
Additionally, the Company expects to release its third quarter earnings
on Tuesday, November 13, 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 third
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, November 20, 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