The TJX Companies, Inc. reported March 2011 sales results.
In a release on April 7, the company said sales for the five-week period ended April 2 were $2.04 billion, up 1 percent over the$2.03 billion achieved during the five-week period ended April 3,2010. For the nine-week period ended April 2, sales reached $3.5billion, a 2 percent increase over the $3.4 billion achieved in thesame period last year.
Consolidated comparable store sales for the five-week periodended April 2, decreased 1 percent compared with a 12 percentincrease in the same period last year, which was the Company'sstrongest monthly comparable store sales increase of that year. Forthe nine-week, year-to-date period, consolidated comparable storesales increased 1 percent over the same period last year.
Carol Meyrowitz, Chief Executive Officer of The TJX Companies,Inc., said: "Our March comparable store sales results exceeded ourexpectations on both a consolidated basis and at The Marmaxx Group.As a reminder, we had planned March comp store sales down versuslast year due to the timing of Easter as well as very favorableweather patterns in the prior year. Despite these challenges, wewere encouraged to see comp store sales increases across all warmweather regions in the U.S., which bodes well for the balance of theseason. With the Easter holiday still ahead of us in the importantmonth of April, we remain very comfortable with our first quarterearnings per share guidance that we provided on February 23. Webelieve that consumers remain focused on value, and we are in anexcellent position to offer great fashions and brands, along withgreat value, as we move through the spring selling season."
March and April 2011 Sales Recorded Calls
A recorded message with more detailed information regarding TJX'sMarch 2011 sales, operations and business trends is available viathe Internet at www.tjx.com, or by calling (703) 736-7248 throughThursday, April 14. The Company expects to release its April 2011sales on Thursday, May 5, at approximately 8:15 a.m. ET. Concurrentwith that press release, a recorded message with more detailedinformation regarding TJX's April sales, operations and businesstrends will be available via the Internet at www.tjx.com, or bycalling (703) 736-7248 through Thursday, May 12.
First Quarter Fiscal 2012 Conference Call
Additionally, the Company expects to release its first quarterearnings on Tuesday, May 17, before 9:30 a.m. ET. At 11 a.m. ET thatday, Carol Meyrowitz, TJX's Chief Executive Officer, will hold aconference call with stock analysts to discuss the Company's firstquarter Fiscal 2012 results, operations and business trends. A real-time webcast of the call will be available at www.tjx.com. A replayof the call will also be available at www.tjx.com or by dialing(866) 367-5577 through Tuesday, May 24.
Important Information at Website
Archived versions of the Company's recorded messages andconference calls are available at www.tjx.com after they are nolonger available by telephone. The Company routinely postsinformation that may be important to investors in the InvestorInformation section at www.tjx.com.
The TJX Companies is an off-price retailer of apparel and homefashions in the U.S. and worldwide. The Company operates 945 T.J.Maxx, 858 Marshalls, and 337 HomeGoods stores in the United States,213 Winners, 82 HomeSense, 3 Marshalls, and 3 Stylesense stores inCanada, and 312 T.K. Maxx and 24 HomeSense stores in Europe.
More information:
www.tjx.com
((Comments on this story may be sent tonewsdesk@closeupmedia.com))
No comments:
Post a Comment