The tjx companies, inc. reports october 2011
sales; confirms third quarter outlook
Framingham, mass.--(business wire)--the tjx companies, inc. (nyse: tjx) today reported october 2011 sales results. sales for the four-week period ended october 29, 2011, were $1.9 billion, up 4% over the $1.8 billion achieved during the four-week period ended october 30, 2010. for the 39 weeks ended october 29, 2011, sales reached $16.5 billion, up 6% over the $15.6 billion achieved during the 39-week period last year. consolidated comparable store sales increased 3% over last year for each of the following periods ending october 29, 2011: the four-week sales month, the 13-week third quarter, and the 39-week, year-to-date period. carol meyrowitz, chief executive officer of the tjx companies, inc., stated, “we are pleased that our october comparable store sales increase of 3% on both a consolidated basis and at the marmaxx group came in at the high end of our expected range, despite unseasonably warm weather negatively impacting cold-weather apparel sales in certain key regions of the u.s. and canada. notably, business in the u.s. picked up nicely as the weather turned colder toward the end of the month. we are also pleased with the progress we are making at tjx europe. as previously stated, we expect third quarter earnings per share to be solidly in the middle of our range of $1.03 to $1.07, representing year-over-year growth of between 12% and 16%. we believe the momentum in our business across our chains bodes well for the holiday selling season and the fourth quarter. we are excited about the fresh, great assortments that we will be continuously flowing into our stores, providing our customers a one-stop shopping destination that caters to their gift-giving needs.” the tjx companies, inc. is the leading off-price retailer of apparel and home fashions in the u.s. and worldwide. the company operates 980 t.j. maxx, 884 marshalls, and 375 homegoods stores in the united states; 215 winners, 85 homesense, 6 marshalls, and 3 stylesense stores in canada; and 333 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 fiscal 2012 sales recorded calls a recorded message with more detailed information regarding tjx’s october 2011 sales, operations and business trends is available at www.tjx.com, or by calling (703) 736-7248 through thursday, november 10, 2011. the company expects to release its november 2011 sales on thursday, december 1, 2011, 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 8, 2011. third quarter fiscal 2012 conference call additionally, the company expects to release its third quarter earnings on tuesday, november 15, 2011, 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 2012 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 22, 2011. 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: global economies and credit and financial markets; foreign currency exchange rates; buying and inventory management; market, geographic and category expansion; customer trends and preferences; quarterly operating results; marketing, advertising and promotional programs; data security; seasonal influences; large size and scale; unseasonable weather; serious disruptions and catastrophic events; competition; personnel recruitment and retention; acquisitions and divestitures; information systems and technology; cash flows; consumer spending; merchandise quality and safety; merchandise importing; international operations; commodity prices; compliance with laws, regulations and orders; changes in laws and regulations; outcomes of litigation and proceedings; real estate leasing; market expectations; tax matters 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.
