The TJX Companies, Inc. saw sales for the four-week period ended May 30, 2009 of $1.49 billion, up 4% over the $1.43 billion achieved during the four-week period ended May 31, 2008. For the 17 weeks ended May 30, 2009, sales reached $5.84 billion, up 1% over the $5.78 billion achieved during the 17 weeks ended May 31, 2008. Total sales for both 2009 periods were adversely impacted by foreign currency exchange rates. Consolidated comparable store sales increased 5% over last year for the four-week period ended May 30, 2009.
For the 17-week, year-to-date period, consolidated comparable store sales increased 3% over last year. Carol Meyrowitz, President and CEO of The TJX Companies, Inc., stated, “Our consolidated comparable store sales increase of 5% in May exceeded our expectations, as our strong value equation continued to resonate with customers and boost customer traffic. The month started out well and sales trends improved further as the month progressed. Our strategy of running the business with lean inventories supports our close-to-need buying and we are flowing extremely fresh fashions to our stores. One month into the quarter, we remain very comfortable with our previously anticipated range of second quarter earnings per share from continuing operations of 43 cents – 49 cents, compared with $.48 in the prior year.”
