The TJX Companies reported sales for the four-week period ended October 30, 2004, were $1.3 billion, up 15% over $1.1 billion achieved during the four-week period ended November 1, 2003. For the 39 weeks ended October 30, 2004, sales reached $10.6 billion, a 14% increase over last year's $9.3 billion. Consolidated comparable store sales for the four-week period ended October 30, 2004, increased 7% over last year. For the 13-week, third quarter, comparable store sales increased 4% over last year. For the 39-week, year-to-date period, consolidated comparable store sales increased 5% over last year.
Edmond J. English, President and Chief Executive Officer of The TJX Companies, Inc., stated, “We are very pleased with our October sales performance, which well exceeded our expectations. We are also delighted with the continued strength of the expanded jewelry/accessories and footwear departments at the Marmaxx division. With our above-plan October sales, we expect earnings per share for the third quarter to be solidly in line with our previously projected range of $.39 – $.42. As we enter the important holiday selling season, our inventories are in excellent shape and we are well positioned to flow fresh, exciting gift assortments at great values throughout the holiday season.”