The TJX Companies, Inc. posted sales for the month of April of $1.3 billion, up 6% over the $1.2 billion achieved during the same month last year. For the first quarter, sales reached $3.9 billion, a 7% increase over last year's $3.7 billion. Consolidated comparable store sales for the month and quarter increased 1% over last year's comparable periods.
Ben Cammarata, Chairman and Acting Chief Executive Officer of The TJX Companies, Inc., stated, “While our comparable store sales increase of 1% in April was less than we expected, merchandise margins are very strong, expenses are well controlled, and inventories are in great shape. Therefore, we now expect to achieve first quarter earnings per share near the upper end of our previously anticipated range of $.31 – $.33, an 11% – 18% increase over last year.”
