The TJX Companies reported March 2004 sales results. Sales for the five-week period ended April 3, 2004, were $1,326 million, up 20% over the $1,109 million achieved during the five-week period ended April 5, 2003. For the nine weeks ended April 3, 2004, sales reached $2,260 million, a 20% increase over last year's $1,885 million. Consolidated comparable store sales for the five-week period ended April 3, 2004, increased 9% over last year. For the nine-week, year-to-date period, consolidated comparable store sales increased 10% over last year.
Edmond English, President and Chief Executive Officer of The TJX Companies, Inc., commented, “We are very pleased that March sales were above our expectations. The tone of business continued to be robust as customers responded to our fresh assortments of spring fashions and great values. Based on our strong February and March sales, we are well positioned to achieve first quarter earnings per share that are slightly above our previously anticipated range, which represents a significant increase over the prior year. Inventories are in excellent shape and product flow continues to be very strong.”
