The TJX Cos' sales for the four weeks ended August 4 were $1.3 billion,
up 8% over the $1.2 billion achieved the prior year. Comparable store
sales gained 5%.
For the 26 weeks ended August 4, 2007, sales reached $8.5 billion, an 8% increase over last year's $7.9 billion.
Carol Meyrowitz, President and Chief Executive Officer of The TJX
Companies, Inc., stated, “Continuing our trend, July consolidated
comparable store sales were above our expectations, underscoring our
belief that customers find our values on brand name fashions
compelling, even in difficult consumer environments. As we move into
the beginning of the fall season, our stores offer a great mix of
brands and fashions. With three months of consistently strong
performance, we look forward to reporting operating results for the
second quarter.”
The company now expects second quarter earnings per share from
continuing operations, excluding costs related to the previously
announced computer intrusion(s), slightly above the high end of its
previously expected range of $.34 to $.36. The company continues to
expect that second quarter earnings per share from continuing
operations will be reduced by an estimated $.02 to $.03 for costs
incurred during the second quarter related to the intrusion(s). The
company may record additional charges in this or succeeding quarters as
costs and losses related to the intrusion(s) become both probable and
reasonably estimable.
TJX operates 832 T.J. Maxx, 765 Marshalls, 274 HomeGoods, and 128 A.J.
Wright stores, as well as 34 Bob's Stores, in the United States. In
Canada, it operates 185 Winners and 70 HomeSense stores, and in Europe,
212 T.K. Maxx stores.
