The TJX Companies September 2007 sales were $1.8 billion, up 5% over the $1.7 billion achieved during the five-week period ended October 7, 2006. Consolidated comparable store sales for the five-week period ended October 6, 2007, increased 2% over last year.
For the 35 weeks ended October 6, 2007, sales reached $11.7 billion, a 7% increase over last year's $10.9 billion. For the 35-week period ended October 6, 2007, consolidated comparable store sales increased 4% over last year.
Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc., stated, “Our consolidated comparable store sales increase of 2% was in line with expectations and achieved on top of last year's September performance, which was one of the strongest in the Company's history. While unseasonably warm weather in many major U.S. markets negatively impacted sales in September, most notably at Marmaxx, we have seen business accelerate significantly where the weather has turned seasonable. Importantly, we exited the month with even greater inventory liquidity than at this time last year, ready to take advantage of a marketplace flush with buying opportunities. We remain comfortable with our previously anticipated third quarter earnings per share range from continuing operations of $.53 – $.55.”
