The TJX Companies, Inc. reported sales for the four-week period ended July 30, 2011, were $1.6 billion, up 8 percent over the $1.5 billion achieved during the four-week period ended July 31, 2010.
For the 26-week period ended July 30, 2011, sales reached $10.7 billion, a 6 percent increase over the $10.1 billion achieved in the same period last year. Consolidated comparable store sales for the four-week period ended July 30, 2011 increased 4 percent over last year.
For the 13-week second quarter, consolidated comparable store sales increased 4 percent over last year. For the 26-week, year-to-date period, consolidated comparable store sales increased 3 percent over the same period last year.
Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, We are very pleased that our 4 percent consolidated comparable store sales increase in July exceeded our expectations. We are particularly pleased with our continued strength at The Marmaxx Group, our largest division, where comparable store sales increased 5 percent in July, above our already raised expectations for the month. Customer traffic continues to be up over significant increases last year as our tremendous values attract new and loyal customers. With above-plan sales and continued strength in merchandise margins, we are raising our outlook for second quarter earnings per share. We are in an excellent position entering the third quarter, with great back-to-school apparel and dorm room assortments for our customers at great values. The marketplace is full of quality product and we will be utilizing our flexibility to take advantage of these opportunities.
