The TJX Companies reported sales results for the four-week period ended January 31, 2004, were $759 million, up 12%
over $676 million achieved during the four-week period ended February 1, 2003. For the 52 weeks ended January 31, 2004, sales reached $13,143 million, an increase of 10% over last year's $11,990 million. Consolidated comparable store sales were up 2% over last year.
For the 13-week fourth
quarter, consolidated comparable store sales increased 3% above last
year. For the 52-week, full-year period, consolidated comparable store
sales increased 1% over last year.
Edmond English, President and Chief Executive Officer of The TJX
Companies, Inc., stated, “While January comparable store sales came in
slightly below our anticipated range, January is the least important
selling period of the fourth quarter and merchandise margins continued
to run ahead of our expectations. With our continued strong margin
performance, we are now expecting fourth quarter earnings per share to
come in slightly above our previously anticipated range, representing
a significant increase over last year.”
