The TJX Companies, Inc. Reports 9% February 2012 Comp Store Sales Increase
The TJX Companies, Inc. (NYSE: TJX) today reported February 2012 sales results. Sales for the four-week period ended February 25, 2012, were $1.6 billion, up 12% over the $1.5 billion achieved during the four-week period ended February 26, 2011. Consolidated comparable store sales for the four-week period ended February 25, 2012 increased 9% compared to last year.
Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “We are very pleased that our momentum continued to build to a strong finish in February and to have posted a 9% increase in consolidated comparable store sales for the month. We believe that very favorable weather patterns during the month helped boost demand for spring apparel. We are particularly pleased that traffic was up at all of our divisions, driving excellent performance across the board. With inventories in terrific shape, we are extremely well positioned to continue to bring great brands and fashions at compelling values to our customers.”
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 984 T.J. Maxx, 884 Marshalls, and 374 HomeGoods stores in the United States; 216 Winners, 86 HomeSense, and 6 Marshalls stores in Canada; and 332 T.K. Maxx and 24 HomeSense stores in Europe. TJX's press releases and financial information are also available at www.tjx.com.
February and March 2012 Sales Recorded Calls
A recorded message with more detailed information regarding TJX's February 2012 sales, operations and business trends is available at www.tjx.com, or by calling (703) 736-7248 through Thursday, March 8, 2012. The Company expects to release its March 2012 sales on Thursday, April 5, 2012, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJX's March sales, operations and business trends will be available at www.tjx.com, or by calling (703) 736-7248 through Thursday, April 12, 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: global economies and credit and financial markets; foreign currency exchange rates; buying and inventory management; market, geographic and category expansion; customer trends and preferences; quarterly operating results; marketing, advertising and promotional programs; data security; seasonal influences; large size and scale; unseasonable weather; serious disruptions and catastrophic events; competition; personnel recruitment and retention; acquisitions and divestitures; information systems and technology; cash flows; consumer spending; merchandise quality and safety; merchandise importing; international operations; commodity prices; compliance with laws, regulations and orders; changes in laws and regulations; outcomes of litigation and proceedings; real estate leasing; market expectations; tax matters 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