FRAMINGHAM, Mass.--(BUSINESS WIRE)--Apr. 5, 2012--
The TJX Companies, Inc. (NYSE: TJX) today reported March 2012 sales
results. Sales for the five-week period ended March 31, 2012, were $2.3
billion, up 14% over the $2.0 billion achieved during the five-week
period ended April 2, 2011. For the nine-week period ended March 31,
2012, sales reached $4.0 billion, a 13% increase over the $3.5 billion
achieved in the same period last year. Consolidated comparable store
sales for the five-week period ended March 31, 2012, increased 10%. For
the nine-week, year-to-date period, consolidated comparable store sales
also increased 10% over the same period last year.
Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc.,
stated, “I am extremely pleased that our momentum continued in March,
leading to a well-above-plan consolidated comparable store sales
increase of 10% and strong increases in all of our businesses in the
U.S., Canada, and Europe. Importantly, March comp sales increases were
driven by substantial increases in customer traffic as our merchandising
continues to be on point with a terrific mix of exciting fashion and
brands at excellent values. While unusually warm weather was a positive
in the month, sales were also strong in regions where the weather is
typically warm. With above-plan sales and strong flow-through to the
bottom line, we are raising our first quarter Fiscal 2013 outlook for
earnings per share to $.51-$.52 versus the previous range of $.45-$.47.
Further, we now expect full year Fiscal 2013 earnings per share to be in
the range of $2.25-$2.35. We are looking forward to the remainder of the
quarter and believe our stores offer a compelling shopping experience
that will continue to resonate with consumers.”
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 987 T.J.
Maxx, 887 Marshalls, and 377 HomeGoods stores in the United States; 220
Winners, 86 HomeSense, and 12 Marshalls stores in Canada; and 333 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 2012 Sales Recorded Calls
A recorded message with more detailed information regarding TJX’s March
2012 sales, operations and business trends is available at www.tjx.com,
or by calling (703) 736-7248 through Thursday, April 12, 2012. The
Company expects to release its April 2012 sales on Thursday, May 3,
2012, 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 10, 2012.
First Quarter Fiscal 2013 Conference Call
Additionally, the Company expects to release its first quarter earnings
on Tuesday, May 15, 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 first
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, May 22, 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: 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 leasing; 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