The TJX Companies, Inc. reported sales for the four-week period ended Oct. 30, were $1.8 billion, up 5% over the $1.7 billion achieved a year ago. Consolidated comparable store sales were flat.
For the 39 weeks ended October 30, 2010, sales reached $15.6 billion, up 9% over the $14.3 billion achieved during the 39-week period last year.
For the 13-week third quarter, consolidated comparable store sales increased 1% over last year. For the 39-week, year-to-date period, consolidated comparable store sales increased 4% compared to last year.
Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc., stated, “Our October comparable store sales, both on a consolidated basis and at The Marmaxx Group, came in at the high end of our expected range and were achieved on top of double digit increases last year. I am particularly pleased as October was one of the warmest in recent history, which was not conducive to shopping for cold weather apparel. With strong merchandise margins continuing in the third quarter, we now expect earnings per share for the quarter to be at the high end of our projected range of $.89 – $.91. We are in a great position to make the right buys and flow the right merchandise into our stores throughout the holiday season and continue to see opportunities to drive sales and margins in the fourth quarter.”
