The TJX Companies, Inc. reported that sales for the four-week period ended May 26 were $1.9 billion, up 10 percent over the $1.7 billion achieved during the four-week period ended May 28, 2011. Consolidated comparable store sales for the four-week period increased 8 percent over last year.
For the 17-week period ended May 26, sales reached $7.7 billion,
an 11 percent increase over the $6.9 billion achieved in the same period
last year. For the 17-week, year-to-date period, consolidated comparable store sales increased 8 percent over the same period last year.
“The second quarter is off to a great start as our momentum continued in May,” stated Carol Meyrowitz, CEO of The TJX Companies, Inc. “Comparable store sales increased 8 percent both on a consolidated basis and at The Marmaxx Group, our largest division, as the second half of the month exceeded our expectations. We were particularly pleased to see all of our businesses across the U.S., Canada and Europe continue to post such consistent, strong performance. Once again, customer traffic was up significantly at every division which we believe speaks to the power of our values, brands and fashions. With above-plan sales in May, we now expect second quarter earnings per share to be at the high end of our previously estimated range of 47 (cents) – 50 (cents). We remain very well positioned to buy into the exciting opportunities we are seeing in the marketplace and offer consumers great brands and fashions at tremendous value.”
