FRAMINGHAM, Mass.--(BUSINESS WIRE)--The TJX Companies, Inc. (NYSE: TJX) today reported March 2011 sales results. Sales for the five-week period ended April 2, 2011, were $2.04 billion, up 1% over the $2.03 billion achieved during the five-week period ended April 3, 2010. For the nine-week period ended April 2, 2011, sales reached $3.5 billion, a 2% increase over the $3.4 billion achieved in the same period last year. Consolidated comparable store sales for the five-week period ended April 2, 2011 decreased 1% compared with a 12% increase in the same period last year, which was the Company’s strongest monthly comparable store sales increase of that year. For the nine-week, year-to-date period, consolidated comparable store sales increased 1% over the same period last year.
Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “Our March comparable store sales results exceeded our expectations on both a consolidated basis and at The Marmaxx Group. As a reminder, we had planned March comp store sales down versus last year due to the timing of Easter as well as very favorable weather patterns in the prior year. Despite these challenges, we were encouraged to see comp store sales increases across all warm weather regions in the U.S., which bodes well for the balance of the season. With the Easter holiday still ahead of us in the important month of April, we remain very comfortable with our first quarter earnings per share guidance that we provided on February 23. We believe that consumers remain focused on value, and we are in an excellent position to offer great fashions and brands, along with great value, as we move through the spring selling season.”
The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 945 T.J. Maxx, 858 Marshalls, and 337 HomeGoods stores in the United States, 213 Winners, 82 HomeSense, 3 Marshalls, and 3 STYLESENSE stores in Canada, and 312 T.K. Maxx and 24 HomeSense stores in Europe. TJX’s press releases and financial information are also available on the Internet at www.tjx.com.
March and April 2011 Sales Recorded Calls
A recorded message with more detailed information regarding TJX’s March 2011 sales, operations and business trends is available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, April 14, 2011. The Company expects to release its April 2011 sales on Thursday, May 5, 2011, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJX’s April sales, operations and business trends will be available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, May 12, 2011.
First Quarter Fiscal 2012 Conference Call
Additionally, the Company expects to release its first quarter earnings on Tuesday, May 17, 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 first 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, May 24, 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.