The TJX Companies, Inc. (TJX) today reported October 2012 sales
results. Sales for the four-week period ended October 27, 2012, were
$2.1 billion, up 11% over the $1.9 billion achieved during the four-week
period ended October 29, 2011. For the 39-week period ended October 27,
2012, sales reached $18.2 billion, a 10% increase over the $16.5 billion
achieved in the same period last year. Consolidated comparable store
sales for the four-week period ended October 27, 2012, increased 7% over
last year. For the 13-week third quarter, consolidated comparable store
sales also increased 7% over last year. For the 39-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 consolidated
comp increase of 7%, which demonstrates once again our ability to
deliver strong comp sales increases over strong increases in the prior
year. Our momentum continued at all divisions and customer traffic drove
comp increases across the board, which we believe speaks to the staying
power and appeal of our great brands and fashions at compelling values.
We were particularly pleased with TJX Europes 11% comp sales increase,
achieved over a 5% increase last year, as we continue to see
increasingly strong trends in this important growth vehicle. With
above-plan sales in October, we are raising our outlook for the third
quarter and full year. We believe the momentum we are seeing in all of
our businesses, along with the exciting gift initiatives and marketing
campaigns that we have planned, bode well for the holiday selling
season. We are looking forward to a strong fourth quarter as well as to
the longer term future growth of our Company."
Updated Third Quarter and Full Year Fiscal 2013
The Company is raising its earnings per share guidance for the third
quarter of Fiscal 2013 to be approximately $.61 and for the full year
Fiscal 2013, to be in the range of $2.44 - $2.47. This guidance includes
the previously discussed estimated $.02 per share non-cash, one-time
charge in the Companys Fiscal 2013 third quarter for the cumulative
impact of a correction to its pension accrual for prior fiscal years.
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 1,030 T.J.
Maxx, 911 Marshalls, and 414 HomeGoods stores in the United States; 222
Winners, 88 HomeSense, and 14 Marshalls stores in Canada; and 343 T.K.
Maxx and 24 HomeSense stores in Europe. TJXs press releases and
financial information are also available at www.tjx.com.
October and November 2012 Sales Recorded Calls
A recorded message with more detailed information regarding TJXs
October 2012 sales, operations and business trends is available at www.tjx.com,
or by calling (703) 736-7248 through Thursday, November 8, 2012. The
Company expects to release its November 2012 sales on Thursday, November
29, 2012, at approximately 8:15 a.m. ET. Concurrent with that press
release, a recorded message with more detailed information regarding
TJXs November sales, operations and business trends will be available
or by calling (703) 736-7248 through Thursday, December 6, 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, TJXs Chief Executive Officer, will hold a
conference call with stock analysts to discuss the Companys 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 Companys 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
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.
Senior Vice President