Press release from Business Wire
The TJX Companies, Inc. Reports 7% June 2012 Comp Sales Increase; Raises Second Quarter and Full Year Guidance
Thursday, July 05, 2012
FRAMINGHAM, Mass. (Business Wire) -- The TJX Companies, Inc. (NYSE: TJX) today reported June 2012 sales results. Sales for the five-week period ended June 30, 2012, were $2.3 billion, up 9% over the $2.1 billion achieved during the five-week period ended July 2, 2011. For the 22-week period ended June 30, 2012, sales reached $10.0 billion, a 10% increase over the $9.1 billion achieved in the same period last year. Consolidated comparable store sales for the five-week period ended June 30, 2012 increased 7% over last year. For the 22-week, year-to-date period, consolidated comparable store sales increased 8% over the same period last year.
Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “We are very pleased our strong trends continued in June. Our 7% consolidated comparable store sales increase significantly exceeded our expectations and was achieved over 5% growth last year. It is great to see such consistent, strong performance across the Company, with all of our businesses in the U.S., Canada and Europe continuing to deliver excellent results. Customer traffic during the month increased substantially at every division which speaks to the tremendous appeal of our values, brands and fashions for consumers. With above-plan sales in June and strong flow-through to the bottom line, we are now expecting our second quarter earnings per share to be in the range of $.52 - $.53 which would represent double-digit growth on top of double-digit growth in last year's second quarter. For the full year, we are raising our EPS guidance to $2.31 - $2.39. We are very well positioned to buy into the opportunities we are seeing in the marketplace and offer consumers exciting brands and fashions at great 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 1,006 T.J. Maxx, 892 Marshalls, and 393 HomeGoods stores in the United States; 220 Winners, 87 HomeSense, and 12 Marshalls stores in Canada; and 337 T.K. Maxx and 24 HomeSense stores in Europe. TJX's press releases and financial information are also available at www.tjx.com.
June and July 2012 Sales Recorded Calls
A recorded message with more detailed information regarding TJX's June 2012 sales, operations and business trends is available at www.tjx.com, or by calling (703) 736-7248 through Thursday, July 12, 2012. The Company expects to release its July 2012 sales on Thursday, August 2, 2012, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJX's July sales, operations and business trends will be available at www.tjx.com, or by calling (703) 736-7248 through Thursday, August 9, 2012.
Second Quarter Fiscal 2013 Conference Call
Additionally, the Company expects to release its second quarter earnings on Tuesday, August 14, 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 second 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, August 21, 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.
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.
Senior Vice President