The TJX Cos. reported sales for the five-week period ended Oct. 2 were $2.1 billion, up 6% over the $2.0 billion achieved a year ago. Consolidated comparable store sales increased 1%
For the 35 weeks, sales reached $13.8 billion, up 9% over the $12.6 billion a year ago. Comps were up 5%.
Carol Meyrowitz, president and chief executive officer of The TJX Companies, Inc., stated, “We are pleased that September consolidated comparable store sales were at the high end of our expectations and The Marmaxx Group exceeded our planned range. Both of these increases were achieved over high-single-digit comp sales increases last year. It’s important to note that we believe our comp increases would have been even stronger were it not for the warm and wet weather during the last week of the month, which significantly hurt sales in the Northeast and Mid-Atlantic. Customer traffic continues to increase as value-conscious customers are drawn to our stores by a great mix of current fashions and top brands at compelling values. With on-plan sales in August and September, and continued strength in merchandise margins, we now expect third quarter earnings per share to be in the range of $.89 – $.91. As we move through the fall selling season, we are in an excellent inventory position, which enables us to take advantage of the quantity and quality of product that we are seeing in the marketplace.”
The TJX Cos. operates 912 T.J. Maxx, 825 Marshalls, 329 HomeGoods, and 158 A.J. Wright stores in the United States. In Canada, the Company operates 211 Winners, 80 HomeSense and 3 STYLESENSE stores, and in Europe, 295 T.K. Maxx and 24 HomeSense stores.
