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Press release from Business Wire

The TJX Companies, Inc. Reports 10% March 2012 Comp Store Sales Increase; Significantly Raises First Quarter EPS Guidance

Thursday, April 05, 2012

The TJX Companies, Inc. Reports 10% March 2012 Comp Store Sales Increase; Significantly Raises First Quarter EPS Guidance08:28 EDT Thursday, April 05, 2012 FRAMINGHAM, Mass. (Business Wire) -- The TJX Companies, Inc. (NYSE: TJX) today reported March 2012 sales results. Sales for the five-week period ended March 31, 2012, were $2.3 billion, up 14% over the $2.0 billion achieved during the five-week period ended April 2, 2011. For the nine-week period ended March 31, 2012, sales reached $4.0 billion, a 13% increase over the $3.5 billion achieved in the same period last year. Consolidated comparable store sales for the five-week period ended March 31, 2012, increased 10%. For the nine-week, year-to-date period, consolidated comparable store sales also increased 10% over the same period last year. Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “I am extremely pleased that our momentum continued in March, leading to a well-above-plan consolidated comparable store sales increase of 10% and strong increases in all of our businesses in the U.S., Canada, and Europe. Importantly, March comp sales increases were driven by substantial increases in customer traffic as our merchandising continues to be on point with a terrific mix of exciting fashion and brands at excellent values. While unusually warm weather was a positive in the month, sales were also strong in regions where the weather is typically warm. With above-plan sales and strong flow-through to the bottom line, we are raising our first quarter Fiscal 2013 outlook for earnings per share to $.51-$.52 versus the previous range of $.45-$.47. Further, we now expect full year Fiscal 2013 earnings per share to be in the range of $2.25-$2.35. We are looking forward to the remainder of the quarter and believe our stores offer a compelling shopping experience that will continue to resonate with consumers.” About The TJX Companies, Inc. The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 987 T.J. Maxx, 887 Marshalls, and 377 HomeGoods stores in the United States; 220 Winners, 86 HomeSense, and 12 Marshalls 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. March and April 2012 Sales Recorded Calls A recorded message with more detailed information regarding TJX's March 2012 sales, operations and business trends is available at www.tjx.com, or by calling (703) 736-7248 through Thursday, April 12, 2012. The Company expects to release its April 2012 sales on Thursday, May 3, 2012, 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 at www.tjx.com, or by calling (703) 736-7248 through Thursday, May 10, 2012. First Quarter Fiscal 2013 Conference Call Additionally, the Company expects to release its first quarter earnings on Tuesday, May 15, 2012, 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 2013 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 22, 2012. 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: buying and inventory management; operational expansion and management of large size and scale; customer trends and preferences; market, banner, geographic and category expansion; marketing, advertising and promotional programs; competition; personnel recruitment and retention; global economic conditions and consumer spending; data security; information systems and technology; seasonal influences; adverse or unseasonable weather; serious disruptions and catastrophic events; corporate and banner reputation; merchandise quality and safety; international operations; merchandise importing; commodity pricing; foreign currency exchange rates; fluctuations in quarterly operating results; market expectations; acquisitions and divestitures; compliance with laws, regulations and orders; changes in laws and regulations; outcomes of litigation, legal matters and proceedings; tax matters; real estate leasing; cash flow 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