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Press release from Business Wire

The TJX Companies, Inc. Reports Strong September 2011 Sales

Thursday, October 06, 2011

The TJX Companies, Inc. Reports Strong September 2011 Sales08:36 EDT Thursday, October 06, 2011 FRAMINGHAM, Mass. (Business Wire) -- The TJX Companies, Inc. (NYSE: TJX) today reported September 2011 sales results. Sales for the five-week period ended October 1, 2011, were $2.2 billion, up 6% over the $2.1 billion achieved during the five-week period ended October 2, 2010. For the 35 weeks ended October 1, 2011, sales reached $14.6 billion, a 6% increase over the $13.8 billion achieved in the same period last year. Consolidated comparable store sales for the five-week period ended October 1, 2011 increased 4% over last year. For the 35-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, “We are very pleased with our September comparable store sales increases which were up 4% on a consolidated basis and up 5% at The Marmaxx Group, our largest division, and were both ahead of our expectations. We continue to see customer traffic increases and believe our above-plan comp store sales speak to the draw of our great values. It's important to note that our September sales were not promotionally driven and merchandise margins in September remained solid. We remain very comfortable with our prior guidance of third quarter diluted earnings per share in the range of $1.03 to $1.07, which would represent a 12% to 16% increase over $.92 per share last year. As we move through the fall selling season and into holiday, we are in an excellent inventory position to take advantage of the great many opportunities we are seeing for top brands in the marketplace and will be offering customers terrific values in a variety of exciting gift-giving categories. This, combined with our strengthened marketing, gives us confidence that we 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 977 T.J. Maxx, 881 Marshalls, and 371 HomeGoods stores in the United States, 215 Winners, 85 HomeSense, 6 Marshalls, and 3 STYLESENSE stores in Canada, and 330 T.K. Maxx and 24 HomeSense stores in Europe. TJX's press releases and financial information are also available at www.tjx.com. September and October Fiscal 2012 Sales Recorded Calls A recorded message with more detailed information regarding TJX's September 2011 sales, operations and business trends is available at www.tjx.com, or by calling (703) 736-7248 through Thursday, October 13, 2011. The Company expects to release its October 2011 sales on Thursday, November 3, 2011, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJX's October sales, operations and business trends will be available at www.tjx.com, or by calling (703) 736-7248 through Thursday, November 10, 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. The TJX Companies, Inc.Sherry LangSenior Vice PresidentGlobal Communications(508) 390-2323