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Press release from Business Wire

The TJX Companies, Inc. Reports Strong April 2012 Sales; Further Raises First Quarter and Full Year EPS Guidance

Thursday, May 03, 2012

The TJX Companies, Inc. Reports Strong April 2012 Sales; Further Raises First Quarter and Full Year EPS Guidance08:36 EDT Thursday, May 03, 2012 FRAMINGHAM, Mass. (Business Wire) -- The TJX Companies, Inc. (NYSE: TJX) today reported April 2012 sales results. Sales for the four-week period ended April 28, 2012, were $1.8 billion, up 7% over the $1.7 billion achieved during the four-week period ended April 30, 2011. For the 13-week period ended April 28, 2012, sales reached $5.8 billion, an 11% increase over the $5.2 billion achieved in the same period last year. Consolidated comparable store sales for the four-week period ended April 28, 2012 increased 6% over a 5% increase last year. For the 13-week, year-to-date period, consolidated comparable store sales increased 8%. Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “We are very pleased that our strong trends continued in April. Both our consolidated comparable store sales increase for the month of 6% and our first quarter increase of 8% were well ahead of our expectations. It's great to see our strength be so broad-based, as our U.S., Canadian and European businesses continue to outperform. Comp sales were once again driven by significant increases in customer traffic, which indicates that our values and offerings of current fashions and great brands are attracting and resonating with consumers. With above-plan sales in April and strong flow-through to the bottom line, we now expect first quarter earnings per share to be approximately $.54 and full year fiscal 2013 EPS to be in the range of $2.26-$2.36, both of which are above our recently raised guidance and up substantially over last year. We remain extremely well positioned to take advantage of buying opportunities in the marketplace and offer consumers ever-changing, compelling selections at excellent values.” 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 990 T.J. Maxx, 888 Marshalls, and 383 HomeGoods stores in the United States; 220 Winners, 86 HomeSense, and 12 Marshalls stores in Canada; and 335 T.K. Maxx and 24 HomeSense stores in Europe. TJX's press releases and financial information are also available at www.tjx.com. April and May 2012 Sales Recorded Calls A recorded message with more detailed information regarding TJX's April 2012 sales, operations and business trends is available at www.tjx.com, or by calling (703) 736-7248 through Thursday, May 10, 2012. The Company expects to release its May 2012 sales on Thursday, May 31, 2012, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJX's May sales, operations and business trends will be available at www.tjx.com, or by calling (703) 736-7248 through Thursday, June 7, 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