The TJX Companies, Inc. reported October sales for the four-week period ended October 29, 2011, were $1.9 billion, up 4 percent over the $1.8 billion achieved during the four-week period ended October 30, 2010.
For the 39 weeks ended October 29, 2011, sales reached $16.5 billion, up 6 percent over the $15.6 billion achieved during the 39-week period last year. Consolidated comparable store sales increased 3 percent over last year for each of the following periods ending October 29, 2011: the four-week sales month, the 13-week third quarter, and the 39-week, year-to-date period.
Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “We are pleased that our October comparable store sales increase of 3 percent on both a consolidated basis and at The Marmaxx Group came in at the high end of our expected range, despite unseasonably warm weather negatively impacting cold-weather apparel sales in certain key regions of the U.S. and Canada. Notably, business in the U.S. picked up nicely as the weather turned colder toward the end of the month. We are also pleased with the progress we are making at TJX Europe. As previously stated, we expect third quarter earnings per share to be solidly in the middle of our range of $1.03 to $1.07, representing year-over-year growth of between 12 percent and 16 percent. We believe the momentum in our business across our chains bodes well for the holiday selling season and the fourth quarter. We are excited about the fresh, great assortments that we will be continuously flowing into our stores, providing our customers a one-stop shopping destination that caters to their gift-giving needs.”
TJX operates 980 T.J. Maxx, 884 Marshalls, and 375 HomeGoods stores in the United States; 215 Winners, 85 HomeSense, 6 Marshalls, and 3 STYLESENSE stores in Canada; and 333 T.K. Maxx and 24 HomeSense stores in Europe.
