The TJX Companies, Inc. reported July 2009 sales results. Sales for the four-week period ended August 1, 2009, were $1.42 billion, up 5% over the $1.36 billion achieved during the four-week period ended August 2, 2008. For the 26 weeks ended August 1, 2009, sales reached $9.10 billion, up 3% over the $8.86 billion achieved during the 26-week period last year. Consolidated comparable store sales increased 4% compared to last year for the four-week period ended August 1, 2009. For the 13-week second quarter, comparable store sales increased 4% over last year. For the 26-week, year-to-date period, consolidated comparable store sales increased 3% compared to last year.
Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc., stated, “We are pleased that our consolidated comparable store sales increase of 4% in July exceeded our expectations. Our extreme values on great brands and fashions once again drove customer traffic, which has continued to increase significantly as we attract new customers. We are particularly pleased with our very strong performance in Europe, which, along with the strong performance of our other businesses, bodes well for our global growth plans. With consistently strong performance and above-plan sales and margins in every month of the quarter, we now expect earnings per share from continuing operations in the second quarter to be near the high end of our previously anticipated range of $.56 – $.59, which would reflect an increase of 17% – 23% over strong prior-year results. Further, we are extremely well positioned as we enter the third quarter.”
