The TJX Companies, Inc. Reports Above-Plan November 2012 Comp Sales
FRAMINGHAM, Mass.--(BUSINESS WIRE)-- The TJX Companies, Inc. (NYSE: TJX ) today reported November 2012 sales results. Sales for the four-week period ended November 24, 2012, were $2.2 billion, up 7% over the $2.0 billion achieved during the four-week period ended November 26, 2011. For the 43-week period ended November 24, 2012, sales reached $20.3 billion, a 10% increase over the $18.5 billion achieved in the same period last year. Consolidated comparable store sales for the four-week period ended November 24, 2012, increased 3% over a 4% increase last year. For the 43-week, year-to-date period, consolidated comparable store sales increased 7% over the same period last year.
Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “We are pleased that business trends in the second half of the month were strong, leading to our comp store sales for November coming in higher than we expected at a 3% increase. Business throughout the Thanksgiving week and weekend was robust, even as we remained true to our off-price practice of offering great values every day, and stayed out of the fray of Black Friday promotions. Customer traffic drove the comp increase again this month as consumers continued to be drawn to the extreme values on our compelling, always-fresh, branded merchandise mix. We continue to be excited about our prospects for December and the fourth quarter: our marketing campaigns will be seen by more consumers; we have fantastic gift-giving initiatives underway in our stores; and we’ll be offering amazing values to consumers! The holiday selling season is off to a very good start, and I am convinced we will continue to bring new customers into our stores and keep them coming back long after December.”
About The TJX Companies, Inc.
The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 1,039 T.J. Maxx, 912 Marshalls, and 417 HomeGoods stores in the United States; 222 Winners, 88 HomeSense, and 14 Marshalls stores in Canada; and 344 T.K. Maxx and 24 HomeSense stores in Europe. TJX’s press releases and financial information are also available at www.tjx.com.
November and December 2012 Sales Recorded Calls
A recorded message with more detailed information regarding TJX’s November 2012 sales, operations and business trends is available at www.tjx.com, or by calling (703) 736-7248 through Thursday, December 6, 2012. The Company expects to release its December 2012 sales on Thursday, January 3, 2013, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJX’s December sales, operations and business trends will be available at www.tjx.com, or by calling (703) 736-7248 through Thursday, January 10, 2013.
Important Information at Website
The Company’s recorded messages and conference calls are available at www.tjx.com after they are no longer available by telephone. The Company routinely posts information that may be important to investors in the Investor Information section at www.tjx.com. The Company encourages investors to consult that section of its website regularly.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Various statements made in this release are forward-looking and involve a number of risks and uncertainties. All statements that address activities, events or developments that we intend, expect or believe may occur in the future are forward-looking statements. The following are some of the factors that could cause actual results to differ materially from the forward-looking statements: buying and inventory management; operational expansion and management of large size and scale; customer trends and preferences; market, banner, geographic and category expansion; marketing, advertising and promotional programs; competition; personnel recruitment and retention; global economic conditions and consumer spending; data security; information systems and technology; seasonal influences; adverse or unseasonable weather; serious disruptions and catastrophic events; corporate and banner reputation; merchandise quality and safety; international operations; merchandise importing; commodity pricing; foreign currency exchange rates; fluctuations in quarterly operating results; market expectations; acquisitions and divestitures; compliance with laws, regulations and orders; changes in laws and regulations; outcomes of litigation, legal matters and proceedings; tax matters; real estate activities; cash flow and other factors that may be described in our filings with the Securities and Exchange Commission. We do not undertake to publicly update or revise our forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied in such statements will not be realized.
The TJX Companies, Inc.
Senior Vice President
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