The TJX Companies, Inc. Reports Strong 7% October 2012 Comp Sales Increase;
Raises Third Quarter and Full-Year Guidance
FRAMINGHAM, Mass. -- November 01, 2012
The TJX Companies, Inc. (NYSE: 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
Europe’s 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 Guidance
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 Company’s
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. TJX’s 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 TJX’s 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 TJX’s November sales,
operations and business trends will be available at www.tjx.com, 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, 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.
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.
The TJX Companies, Inc.
Senior Vice President
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