The TJX Companies, Inc. said its sales for the five-week period ended July 5, 2008 rose 9% to $1.8 billion, compared to $1.7 billion achieved during the five-week period ended July 7, 2007.
For the 22 weeks ended July 5, 2008, sales reached $7.7 billion, up 7% over the $7.2 billion achieved during the 22 weeks ended July 7, 2007.
Consolidated comparable store sales for the five-week period ended July 5, 2008, increased 5% over last year. For the 22-week period ended July 5, 2008, consolidated comparable store sales increased 4% over last year.
“We are pleased that our consolidated comparable store sales increase of 5% in June was well above our expectations,” said Carol Meyrowitz, president and CEO of The TJX Companies, Inc. “Through excellent execution of our resilient off-price business model, we achieved these results on top of two years of exceptional performance in June and despite the challenges of the highly promotional competitive environment. We believe the favorable weather in most U.S. regions helped to boost demand for our fresh selection of summer apparel and great values. With strong sales and margins in May and June, and our favorable position as we enter July, we are raising our second quarter outlook for earnings per share from continuing operations to $.44 – $.45.”
The TJX Companies, Inc. operates 859 T.J. Maxx, 787 Marshalls, 297 HomeGoods, and 132 A.J. Wright stores, as well as 34 Bobs Stores, in the United States. In Canada, the Company operates 196 Winners and 73 HomeSense stores, and in Europe, 231 T.K. Maxx and 6 HomeSense stores.