The TJX Companies, Inc. reported sales for the month of June were up 9% to $1.6 billion from the $1.4 billion posted during the same month last year. For the 22 weeks ended July 1, 2006, sales reached $6.7 billion, an 8% increase over last year’s $6.2 billion. Consolidated comparable store sales for the month increased 4% over last year. For the 22-week, year-to-date period, consolidated comparable store sales increased 2% over last year.
Ben Cammarata, Chairman and Acting Chief Executive Officer of The TJX Companies, Inc., stated, “Our June comparable store sales increase of 4% was above our expectations, and was driven by strong performance across most of our smaller divisions and on-plan performance at The Marmaxx Group. With the strength of June sales, we now expect to achieve second quarter earnings per share at or slightly above the high end of our previously anticipated range of $.24 – $.26. As we move through the summer selling season, we will continue to utilize our liquid inventory position to buy into current market trends.”
