Published:
The TJX Companies, Inc. Reports Very Strong October 2009 Sales; Sees Third Quarter EPS at or Slightly Above High End of Prior Range
FRAMINGHAM, Mass. - (BUSINESS WIRE) - The TJX Companies, Inc. (NYSE: TJX) today reported October 2009 sales
results. Sales for the four-week period ended October 31, 2009, were
$1.7 billion, up 15% over the $1.5 billion achieved during the four-week
period ended November 1, 2008. For the 39 weeks ended October 31, 2009,
sales reached $14.3 billion, up 5% over the $13.6 billion achieved
during the 39-week period last year. Consolidated comparable store sales
increased 10% compared to last year for the four-week period ended
October 31, 2009. For the 13-week third quarter, consolidated comparable
store sales increased 7% over last year. For the 39-week, year-to-date
period, consolidated comparable store sales increased 5% compared to
last year.
Carol Meyrowitz, President and Chief Executive Officer of The TJX
Companies, Inc., stated, "Our consolidated comparable store sales
increase of 10% in October reflects the strong momentum of our business.
We believe our values and selection of great fashions and great brands
continue to get even better and have broad reach across a wide range of
customer demographic groups. We are particularly pleased with our 12%
comp sales increase at The Marmaxx Group (the combination of T.J. Maxx
and Marshalls), where customer traffic continued to drive sales
throughout the month, boding well for the holiday season. With our
continued strong performance, we now expect third quarter Fiscal 2010
diluted earnings per share from continuing operations to be at or
slightly above our recently raised range of $.77 to $.79. We continue to
see plentiful buying opportunities in the marketplace as we open new
vendor doors throughout the world. We look forward to the holiday
selling season when we will be flowing fresh and exciting assortments to
our stores frequently to offer our customers great selections for their
gift giving needs."
Details on Comparability of Third
Quarter Results
It is important to note that any comparisons of projected third quarter
results to prior year are impacted by a non-operating item last year and
foreign currency exchange rates. Please go to the Reconciliation of
Financials section of the Company's website at www.tjx.com
for details on the comparability of these items.
October and November Fiscal 2010 Sales
Recorded Calls
A recorded message with more detailed information regarding TJX's
October 2009 sales results, operations and business trends is available
via the Internet at www.tjx.com,
or by calling (703) 736-7248 through Thursday, November 12, 2009. The
Company expects to release its November 2009 sales results on Thursday,
December 3, 2009, at approximately 8:15 a.m. ET. Concurrent with that
press release, a recorded message with more detailed information
regarding TJX's November sales results, operations and business trends
will be available via the Internet at www.tjx.com,
or by calling (703) 736-7248 through Thursday, December 10, 2009.
Third Quarter Fiscal 2010 Conference
Call
The Company expects to release its third quarter earnings on Tuesday,
November 17, 2009, before 9:30 a.m. ET. At 11:00 a.m. ET that day, Carol
Meyrowitz, TJX's President and Chief Executive Officer, will hold a
conference call with stock analysts to discuss the Company's third
quarter Fiscal 2010 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 24, 2009.
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.
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 889 T.J.
Maxx, 820 Marshalls, 324 HomeGoods, and 148 A.J. Wright stores in the
United States. In Canada, the Company operates 208 Winners, 79 HomeSense
and 3 STYLESENSE stores, and in Europe, 262 T.K. Maxx and 14 HomeSense
stores. TJX's press releases and financial information are also
available on the Internet at www.tjx.com.
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: conditions of global economies and
credit and financial markets; foreign currency exchange rates; execution
of buying and inventory management; expansion of operations;
identification of customer trends and preferences; fluctuation in
results; risks of new market/category expansion; implementation of
marketing, advertising and promotional programs; losses from and
consequences of computer intrusion(s) and data theft, loss or misuse;
seasonal influences; risks of operating a large, multi-division,
multi-national business; unseasonable weather; competition; retention of
personnel; acquisitions and divestitures; operation and implementation
of information systems and technology; protection of data; level of cash
flows generated; factors affecting consumer spending; merchandise
quality and safety; import risks; risks of foreign operations; changes
in laws and regulations; outcomes of litigation and proceedings; risks
of real estate ownership and leasing; stock price fluctuations 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.
The TJX Companies, Inc.
Sherry Lang
Senior Vice President
Investor
and Public Relations
(508) 390-2323
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