The TJX Companies, Inc. reported sales for the five-week period ended April 4, 2009, were $1.7 billion, essentially flat with the $1.7 billion achieved a year ago. While total sales were adversely impacted by foreign currency exchange
rates, consolidated comparable store sales were up 2% for the five-week
period ended April 4, 2009 versus last year.
For the nine weeks ended April 4, 2009, sales reached $2.93 billion, a 1% decrease versus the $2.95 billion achieved during the nine weeks ended April 5, 2008. For the nine-week, year-to-date period, consolidated comparable store sales increased 1% over last year.
Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc., stated, “Our 2% increase in March comparable store sales exceeded our expectations. First and foremost, we attribute this to our excellent value proposition on fresh selections of great brands and fashions, even against todays highly promotional competition. Additionally, almost every division posted a comp sales increase in this extremely difficult consumer environment. We also believe that the weather in March was more favorable this year than last year, and that one extra selling day in March this year, due to Easter falling in April, helped lift sales. With two consecutive months of sales coming in better than we had expected, we are now anticipating that our first quarter earnings per share will be at or slightly above the high end of our previously forecasted $.32-$.38 range.”
