Nov. 5, 2009 (Business Wire) -- The TJX Companies, Inc. (NYSE: TJX) today reported October 2009 sales results. Sales for the four-week period ended October 31, 2009, were $1.7 billion, up 15% over the $1.5 billion achieved during the four-week period ended November 1, 2008. For the 39 weeks ended October 31, 2009, sales reached $14.3 billion, up 5% over the $13.6 billion achieved during the 39-week period last year. Consolidated comparable store sales increased 10% compared to last year for the four-week period ended October 31, 2009. For the 13-week third quarter, consolidated comparable store sales increased 7% over last year. For the 39-week, year-to-date period, consolidated comparable store sales increased 5% compared to last year.
Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc., stated, “Our consolidated comparable store sales increase of 10% in October reflects the strong momentum of our business. We believe our values and selection of great fashions and great brands continue to get even better and have broad reach across a wide range of customer demographic groups. We are particularly pleased with our 12% comp sales increase at The Marmaxx Group (the combination of T.J. Maxx and Marshalls), where customer traffic continued to drive sales throughout the month, boding well for the holiday season. With our continued strong performance, we now expect third quarter Fiscal 2010 diluted earnings per share from continuing operations to be at or slightly above our recently raised range of $.77 to $.79. We continue to see plentiful buying opportunities in the marketplace as we open new vendor doors throughout the world. We look forward to the holiday selling season when we will be flowing fresh and exciting assortments to our stores frequently to offer our customers great selections for their gift giving needs.”
Details on Comparability of Third Quarter Results
It is important to note that any comparisons of projected third quarter results to prior year are impacted by a non-operating item last year and foreign currency exchange rates. Please go to the Reconciliation of Financials section of the Company’s website at www.tjx.com for details on the comparability of these items.
October and November Fiscal 2010 Sales Recorded Calls
A recorded message with more detailed information regarding TJX’s October 2009 sales results, operations and business trends is available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, November 12, 2009. The Company expects to release its November 2009 sales results on Thursday, December 3, 2009, at approximately 8:15 a.m. ET.
