The TJX Cos. reported sales for the five-week period ended June 30, 2012, were $2.3 billion, up 9 percent over the $2.1 billion achieved during the five-week period ended July 2, 2011. For the 22-week period ended June 30, 2012, sales reached $10.0 billion, a 10 percent increase over the $9.1 billion achieved in the same period last year. Consolidated comparable store sales for the five-week period ended June 30, 2012 increased 7 percent over last year. For the 22-week, year-to-date period, consolidated comparable store sales increased 8 percent over the same period last year.
Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “We are very pleased our strong trends continued in June. Our 7% consolidated comparable store sales increase significantly exceeded our expectations and was achieved over 5% growth last year. It is great to see such consistent, strong performance across the Company, with all of our businesses in the U.S., Canada and Europe continuing to deliver excellent results. Customer traffic during the month increased substantially at every division which speaks to the tremendous appeal of our values, brands and fashions for consumers. With above-plan sales in June and strong flow-through to the bottom line, we are now expecting our second quarter earnings per share to be in the range of $.52 – $.53 which would represent double-digit growth on top of double-digit growth in last year’s second quarter. For the full year, we are raising our EPS guidance to $2.31 – $2.39. We are very well positioned to buy into the opportunities we are seeing in the marketplace and offer consumers exciting brands and fashions at great values.”
