The TJX Companies, Inc. Reports Strong June 2009 Sales;
Raises Second Quarter Outlook
FRAMINGHAM, Mass.--(BUSINESS WIRE)--The TJX Companies, Inc. (NYSE: TJX) today reported June 2009 sales results. Sales for the five-week period ended July 4, 2009, were $1.84 billion, up 4% over the $1.77 billion achieved during the five-week period ended July 5, 2008. For the 22 weeks ended July 4, 2009, sales reached $7.68 billion, up 2% over the $7.56 billion achieved during the 22 weeks ended July 5, 2008. Consolidated comparable store sales increased 4% compared to last year for the five-week period ended July 4, 2009. For the 22-week, year-to-date period, consolidated comparable store sales increased 3% compared to last year.
Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc., stated, “We are pleased that consolidated comparable store sales increased 4%, significantly above our expectations. We saw strong increases in customer traffic across our divisions as the extreme values we offer customers continue to resonate despite the challenging economic environment. Our strategies of running the business with lean inventories and buying close to need are serving us well by enabling us to flow fresh selections of exciting fashions and brands to our stores. With above-plan sales and strong merchandise margins for the first two months of the quarter, and July sales expected to exceed our previous guidance, we are raising our earnings outlook for the second quarter. We now expect second quarter earnings per share from continuing operations to be $.56 to $.59, over last year’s very strong second quarter performance of $.48 per share.”
The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 882 T.J. Maxx, 811 Marshalls, 323 HomeGoods, and 141 A.J. Wright stores in the United States. In Canada, the Company operates 203 Winners, 75 HomeSense and 3 STYLESENSE stores, and in Europe, 243 T.K. Maxx and 8 HomeSense stores. TJX’s press releases and financial information are also available on the Internet at www.tjx.com.
June and July Fiscal 2010 Sales Recorded Calls
A recorded message with more detailed information regarding TJX’s June 2009 sales results, operations and business trends is available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, July 16, 2009. The Company expects to release its July 2009 sales results on Thursday, August 6, 2009, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJX’s July sales results, operations and business trends will be available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, August 13, 2009.
Second Quarter Fiscal 2010 Earnings Conference Call
The Company expects to release its second quarter Fiscal 2010 earnings on Tuesday, August 18, 2009, before 9:30 a.m. ET. At 11:00 a.m. ET that day, Carol Meyrowitz, President and Chief Executive Officer, TJX, will hold a conference call with stock analysts to discuss the Company’s second 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 (866) 367-5577 through Tuesday, August 25, 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.
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); 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.
