The TJX Companies, Inc. October 2007 sales were $1.54 billion, up 6% over the $1.46 billion achieved in 2006. Consolidated comparable store sales increased 3% over last year.
For the 39 weeks ended November 3, 2007, sales reached $13.3 billion, a 7% increase over last years $12.4 billion.
Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc., stated, “Our 3% consolidated comparable store sales increase in October was achieved on top of a strong 5% increase last year. Although slightly below our plan, the unseasonably warm weather in many U.S. and Canadian markets dramatically impacted all of our cold-weather apparel categories. I am very pleased with our solid execution of our off-price model, and we remain comfortable that our third quarter earnings per share from continuing operations will be within our previously anticipated range of 53 cents – 55 cents. In addition, we are entering the fourth quarter with very clean, fresh inventories, even more ability to take advantage of great buys in the marketplace than at this time last year, and strong momentum.”
