Financial News

The TJX Companies, Inc. Reports Strong March 2007 Sales

The TJX Companies, Inc. (NYSE: TJX) today reported March 2007 sales results. Sales for the five-week period ended April 7, 2007, were $1.7 billion, up 11% over the $1.5 billion achieved during the five-week period ended April 8, 2006. For the nine weeks ended April 7, 2007, sales reached $2.9 billion, a 9% increase over last years $2.6 billion. Consolidated comparable store sales for the five-week period ended April 7, 2007, increased 6% over last year. For the nine-week, year-to-date period, consolidated comparable store sales increased 5% over last year.

Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc., stated, I am pleased that our comparable store sales increase of 6% in March exceeded our expectations, as we continued to provide great brands, fashion and value to our customers. Virtually all of our divisions achieved above-plan comparable store sales increases. Looking forward, we continue to have great liquidity in our inventories and are well positioned to take advantage of market opportunities.

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 825 T.J. Maxx, 761 Marshalls, 271 HomeGoods, and 127 A.J. Wright stores, as well as 35 Bobs Stores, in the United States. In Canada, the Company operates 185 Winners and 68 HomeSense stores, and in Europe, 211 T.K. Maxx stores. TJXs press releases and financial information are also available on the Internet at www.tjx.com.

March and April Fiscal 2008 Sales Recorded Calls

A recorded message with more detailed information regarding TJXs March 2007 sales results, operations and business trends is available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, April 19, 2007. The Company expects to release its April 2007 sales results on Thursday, May 10, 2007, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJXs April sales results, operations and business trends will be available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, May 17, 2007.

First Quarter Fiscal 2008 Earnings Conference Call

The Company expects to release its first quarter fiscal 2008 earnings on Tuesday, May 15, 2007, before 9:30 a.m. ET. At 11:00 a.m. ET that day, Carol Meyrowitz, President and Chief Executive Officer, TJX, will hold a conference call with stock analysts to discuss the Companys first quarter fiscal 2008 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 (866) 367-5577 through Tuesday, May 22, 2007.

Archived versions of the Companys recorded messages and conference calls are available at www.tjx.com after they are no longer available by telephone.

SAFE HARBOR STATEMENTS 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, including projections of earnings per share and same store sales, are forward-looking statements. The following are some of the factors that could cause actual results to differ materially from the forward-looking statements: the results and effects of the intrusion or intrusions into our computer system including the outcome of our investigation, the extent of customer information compromised and consequences to our business including effects on sales and liabilities and costs in connection with this intrusion; our ability to successfully expand our store base and increase same store sales; risks of expansion and costs of contraction; our ability to successfully implement our opportunistic inventory strategies and to effectively manage our inventories; successful advertising and promotion; consumer confidence, demand, spending habits and buying preferences; effects of unseasonable weather; competitive factors; factors affecting availability of store and distribution center locations on suitable terms; factors affecting our recruitment and employment of associates; factors affecting expenses; success of our acquisition and divestiture activities; our ability to successfully implement technologies and systems and protect data; our ability to continue to generate adequate cash flows; our ability to execute the share repurchase program; availability and cost of financing; general economic conditions, including gasoline prices; potential disruptions due to wars, natural disasters and other events beyond our control; changes in currency and exchange rates; import risks; adverse outcomes for any significant litigation; changes in laws and regulations and accounting rules and principles; adequacy of reserves; closing adjustments; effectiveness of internal controls; 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.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback