The TJX Companies, Inc. posted a 10% sales gain to $1.5 billion for the month of October, up from the $1.3 billion achieved during the same month last year. For the year-to-date period, sales reached $12.4 billion, a 9% increase over last year's $11.3 billion. Consolidated comparable store sales for the month increased 5% over last year. For the 13-week third quarter, comparable store sales increased 6% over last year. For the 39-week, year-to-date period ended October 28, 2006, consolidated comparable store sales increased 4% over last year.
Ben Cammarata, Chairman and Acting Chief Executive Officer of The TJX Companies, Inc., stated, “Our consolidated comparable store sales increase of 5% in October was above our expectations and was driven by above-plan performance at The Marmaxx Group, our largest division. Our effective off-price buying led to a compelling flow of exciting, brand-name fashions to our stores, and cool weather patterns in most regions of the country also benefited us. With the strength of October's results, we now expect third quarter earnings per share above our previously anticipated range of $.44 – $.45.”
