The TJX Companies, Inc. saw sales for the five-week period ended July 4, 2009 of $1.84 billion, up 4% over the $1.77 billion achieved during the five-week period ended July 5, 2008. For the 22 weeks ended July 4, 2009, sales reached $7.68 billion, up 2% over the $7.56 billion achieved during the 22 weeks ended July 5, 2008. Consolidated comparable store sales increased 4% compared to last year. For the 22-week, year-to-date period, consolidated comparable store sales increased 3% compared to last year.
Carol Meyrowitz, president and CEO of The TJX Companies, Inc., stated, “We are pleased that consolidated comparable store sales increased 4%, significantly above our expectations. We saw strong increases in customer traffic across our divisions as the extreme values we offer customers continue to resonate despite the challenging economic environment. Our strategies of running the business with lean inventories and buying close to need are serving us well by enabling us to flow fresh selections of exciting fashions and brands to our stores. With above-plan sales and strong merchandise margins for the first two months of the quarter, and July sales expected to exceed our previous guidance, we are raising our earnings outlook for the second quarter. We now expect second quarter earnings per share from continuing operations to be 56 cents to 59 cents, over last years very strong second quarter performance of 48 cents per share.”
