The tjx companies, inc. reports august 2011
sales
Framingham, mass.--(business wire)--the tjx companies, inc. (nyse: tjx) today reported august 2011 sales results. sales for the four-week period ended august 27, 2011, were $1.72 billion, up 4% over the $1.65 billion achieved during the four-week period ended august 28, 2010. for the 30-weeks ended august 27, 2011, sales reached $12.4 billion, a 6% increase over the $11.7 billion achieved in the same period last year. consolidated comparable store sales for the four-week period ended august 27, 2011 increased 1% over last year. for the 30-week, year-to-date period, consolidated comparable store sales increased 3% over the same period last year. carol meyrowitz, chief executive officer of the tjx companies, inc., stated, “our august comparable store sales were in line with our expectations on both a consolidated basis and at the marmaxx group, our largest business. sales were trending towards the high end of our expectations through the third week of the month, but the impact of hurricane irene hurt business in key markets throughout much of the fourth week, causing us to come in towards the low end of our expected range. that said, we have seen business rebound solidly, early in the september reporting period, and remain comfortable with our sales and earnings guidance for the third quarter. with our liquid inventory levels, we remain in an excellent position to take advantage of the plentiful buying opportunities we are seeing in the marketplace on great brands and to deliver outstanding value, which we believe will continue to attract new and already loyal customers to our stores.” the tjx companies, inc. is the leading off-price retailer of apparel and home fashions in the u.s. and worldwide. the company operates 971 t.j. maxx, 880 marshalls, and 369 homegoods stores in the united states, 213 winners, 85 homesense, 6 marshalls, and 3 stylesense stores in canada, and 323 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 fiscal 2012 sales recorded calls a recorded message with more detailed information regarding tjx’s august 2011 sales, operations and business trends is available at www.tjx.com, or by calling (703) 736-7248 through thursday, september 8, 2011. the company expects to release its september 2011 sales on thursday, october 6, 2011, 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 13, 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.
