The TJX Companies, Inc. Reports 8% August 2012 Comp Sales Increase; Updates Third Quarter Outlook

FRAMINGHAM, Mass.--()--The TJX Companies, Inc. (NYSE: TJX) today reported August 2012 sales results. Sales for the four-week period ended August 25, 2012, were $1.9 billion, up 10% over the $1.7 billion achieved during the four-week period ended August 27, 2011. For the 30-week period ended August 25, 2012, sales reached $13.6 billion, also a 10% increase over the $12.4 billion achieved in the same period last year. Consolidated comparable store sales for the four-week period ended August 25, 2012 increased 8% over last year. For the 30-week, year-to-date period, consolidated comparable store sales also increased 8% over the same period last year.

Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “We are delighted that the third quarter is off to a great start. Our strong momentum continued into August and gained as the month progressed, leading to comparable store sales increases that were well ahead of our expectations. For the month, comparable store sales increased 8% on a consolidated basis and 9% at The Marmaxx Group, our largest division. Once again, the strength of our performance was broad based. Customer traffic drove the comp sales increase across our divisions in the U.S., Canada and Europe, which we believe is a great indicator that our value proposition continues to resonate with consumers. With such strong comp sales in August, we are now expecting earnings per share in the fiscal 2013 third quarter to be near the high end of our previously estimated range of $.56 to $.59. We believe we are in an excellent position to buy into the terrific opportunities in the marketplace, bringing great brands and fashions at compelling values to our customers.”

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 1,010 T.J. Maxx, 900 Marshalls, and 399 HomeGoods stores in the United States; 222 Winners, 87 HomeSense, and 13 Marshalls stores in Canada; and 339 T.K. Maxx and 24 HomeSense stores in Europe. TJX’s press releases and financial information are also available at www.tjx.com.

August and September 2012 Sales Recorded Calls

A recorded message with more detailed information regarding TJX’s August 2012 sales, operations and business trends is available at www.tjx.com, or by calling (703) 736-7248 through Thursday, September 6, 2012. The Company expects to release its September 2012 sales on Thursday, October 4, 2012, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJX’s September sales, operations and business trends will be available at www.tjx.com, or by calling (703) 736-7248 through Thursday, October 11, 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.

Contacts

The TJX Companies, Inc.
Sherry Lang
Senior Vice President
Global Communications
(508) 390-2323

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Contacts

The TJX Companies, Inc.
Sherry Lang
Senior Vice President
Global Communications
(508) 390-2323