>>
Home / Knowledge / News / Apparel/Garments / TJX Companies Q1 FY'13 sales rise 7%
TJX Companies Q1 FY'13 sales rise 7%
22
May '13
The TJX Companies, Inc. the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, announced sales and earnings results for the first quarter ended May 4, 2013.

Net sales for the first quarter of Fiscal 2014 increased 7% to $6.2 billion. Consolidated comparable store sales for the quarter increased 2% over last year’s reported 8% increase.

Net income for the first quarter was $453 million. First quarter diluted earnings per share were $.62, a 13% increase over last year’s $.55, which represented a 41% increase over the prior year’s adjusted EPS.

Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “We are very pleased with our first quarter results, especially as they were achieved over the highest year-over-year comparisons for quarterly comp sales and EPS growth of this year.

“Consolidated comparable store sales increased 2% over an 8% reported increase last year and earnings per share grew 13% over last year’s adjusted 41% increase. We believe the flexibility of our business model allowed us to achieve this growth despite the unfavorable weather patterns across most of our regions for much of the quarter.

“Flowing the right merchandise at the right time continued to be key to strong merchandise margins. The second quarter is off to a strong start and we are in an excellent position to buy into the enormous opportunities for quality merchandise that we are seeing in the marketplace. Longer term, we remain very confident in our continued ability to grow sales and profitability as we are well on the road to being a $40 billion-plus company!”

Impact of Foreign Currency Exchange Rates

Changes in foreign currency exchange rates affect the translation of sales and earnings of the Company’s international businesses into U.S. dollars for financial reporting purposes. In addition, ordinary-course, inventory-related hedging instruments are marked to market at the end of each quarter. Changes in currency exchange rates affect the magnitude of these translations and adjustments, and can have a material impact when there is significant volatility in currency exchange rates.

The movement in foreign currency exchange rates had a neutral impact on consolidated net sales growth in the first quarter of Fiscal 2014 versus the prior year. The overall net impact of foreign currency exchange rates had a $.01 per share negative impact on first quarter Fiscal 2014 earnings per share, compared with a $.01 per share negative impact last year.

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 1,047 T.J. Maxx, 911 Marshalls, 426 HomeGoods and 4 Sierra Trading Post stores as well as SierraTradingPost.com in the United States; 226 Winners, 89 HomeSense, and 21 Marshalls stores in Canada; and 352 T.K. Maxx and 24 HomeSense stores in Europe.

TJX Companies


Must ReadView All

Pic: Shutterstock

Textiles | On 26th May 2022

CKFTA offers opportunities for Cambodia’s downstream processing sector

The Cambodia-South Korea Free Trade Agreement can help boost...

Pic: Shutterstock

Textiles | On 26th May 2022

China's logistics business expands in Jan-Apr 2022

China's logistics sector saw steady growth during January-April 2022, ...

Pic: Shutterstock.com

Apparel/Garments | On 26th May 2022

US apparel import from India jump 44% in March compared to Oct ’21

Apparel imports of the United States from India stood at $625.830...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Textile Industry, Head honchos

Textile Industry
Head honchos

Global supply chain collapsed during the pandemic

Dr Anton Firth & Dr Aida Rafat,

Dr Anton Firth & Dr Aida Rafat

Founded in 2020 in London, DyeRecycle develops an innovative dyeing fibres ...

J Vargas,

J Vargas

With a vision to be the world's top tier textile manufacturer, Badjatex...

Liivika Lapp,

Liivika Lapp

Baltika Group, founded in 1928, is the leading fashion brand house in the...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Francesco Vergentini, A.Celli Nonwovens

Francesco Vergentini
A.Celli Nonwovens

A.Celli Nonwovens offers a complete range of rewinders and rewinders...

William Lundgren, Label - Bite Studios

William Lundgren
Label - Bite Studios

BITE Studios is a Sweden-based luxury womenswear label with a mission to...

Judith Cutting, Label - Guinea London

Judith Cutting
Label - Guinea London

Guinea London is a luxury women’s clothing brand by designer Judie Cutting ...

Johnny Cirillo, Watching NewYork

Johnny Cirillo
Watching NewYork

Johnny Cirillo, renowned for his candid photography in the streets of New...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

EPCH
Vianney Textil Hogar S.A. De C.V.
Equinox Impex India
IFF Media Ag - International Media Services
ITMA Services Pte Ltd
GIOVANNI BOZZETTO S.p.A.
Performance Days
Lifestyle
DuPont de Nemours, Inc.,
Under Armour Global Sourcing Ltd
Phong Phu international JSC (PPJ)
SYNERGIES HONG KONG LIMITED
Copenhagen Fashion Summit
Lacoste (Wanchai)
IKEA of Sweden AB
Aramark Uniform ;& Career Apparel, LLC
GHCL LIMITED
Alison Hayes Romania
The Top Form Brassiere Manufacturing Company Limited
Maceton Limited
Landmark Group
Seasalt Limited
Asos
THE BOMBAY DYEING ;& MFG.CO. LTD
Chori Company Limited
X-Rite Asia Pacific Limited (HK)
Target Corporation (MN)
PVH Corporation
K AND D ITMACH EXPOSITIONS LLP
Splash
TEXVALLEY MARKET LIMITED
J ;& P Coats
Benetton Group
Alix Partners
Mesdan SPA
Amazon China
VNU Exhibitions Asia
CGS Inc.
G.A.S. unternehmenskommunikation gmbh
Thermore (Far East) Ltd.
Dow Silicones Corporation
Thai Trade Center
Zydex Industries
China World International Exhibition Company Limited
BIANCA
DyStar India Pvt. Ltd
Newtech Textile Technology Development (Shanghai) Company Limited
BTSR International S.P.A.
Walmart
Lenzing Aktiengesellschaft
Comasia Limited
MAS Active / MAS Kreeda / MAS Bodyline
Puma
OVS Hong Kong Sourcing Ltd.
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Rayonese Textile Inc., Division de Culp Inc.
Messe Frankfurt Exhibition GmbH
Truetzschler India Private Limited
Calvin Klein
Woolmark Services India Pvt. Ltd.
Rieter India Private Limited
Sportmaster Ltd.
Italian Trade Commission
Itema Weaving (India) Private Limited
G-Star Raw C.V.
Huntsman (Singapore) Pte Ltd
TÜYAP IHTISAS FUARLARI A.S.
Varner AS Retail
Nandan Denim Limited
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Gatsby Africa
Boardriders Asia Sourcing Limited
Gap International Sourcing Limited
Grasim Industries Limited
Thai Acrylic Fibre Company Limited
TESTEX AG, Swiss Textile Testing Institute
Marzoli Machines Textile s.r.l.
Guess Europe Sagl,
Lululemon Athletica Inc
IDH – The Sustainable Trade Initiative
Istanbul Fuarcilik A.S.
Groz-Beckert East Asia LLP
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Arvind Limited
BIMBA ;& LOLA SL
Sateri (Jiujiang) Fiber Co.,Ltd
Shima Seiki Mfg. Ltd.
Datatex Consulting Srl
Flainox S.r.l.
KIABI
Jindal Worldwide Limited
Inter Expo Center Ltd.
Color Service s.r.l.
Permoda(Koaj/Armi/Pronto/Bkul)
Page Industries Limited (Bangalore)
Restoque S.A.
Brückner Trockentechnik GmbH & Co. KG
Babyshop
Decathlon
Bluesign Technologies Ag
Desigual - ABASIC, S.A.
Karl Mayer Textilmaschinenfabrik GmbH
Recron Polyester from Reliance Industries Limited
Meera Dyestuff Industries
Eurofins BLC Leather Technology Centre Ltd
Eastman Chemical Company
Tory Burch Hong Kong Ltd
COTTON COUNCIL INTERNATIONAL
Tuyap Tum Fuarcilik Yapim A.S.
Indofil Industries Limited - Specialty & Performance Chemicals Division
Cat Tuong Real Estate Group Joint Stock Company
Officina Meccanica Dora Enrico Srl
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Aleph Srl
Groz-Beckert KG
BTC Textiles LLC
KAS Direct Sourcing
FESPA (Reigate)
EUROVET ASIA LTD
Tchibo GmbH
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Gokaldas Exports Limited
Rosset ;& Cia Limited
The LYCRA Company Singapore  Pte. Ltd
Indo Tex
Palexpo SA
International Sourcing Expo Australia
Taiwan Textile Federation (TTF)
Green Fibre
Bluestem Global Sourcing Limited
T.T. Limited
H. Stoll AG & Company KG
Weitmann & Konrad GmbH & Co. KG
Lottmann Communications
Mayer & Cie. GmbH & Co. KG
LC Waikiki
Etam Group Strategy Hong Kong Limited
John Varvatos
Centric Software
Applied DNA Sciences Inc
Brandix Lanka Limited
Tommy Hilfiger
GERBER TECHNOLOGY LTD.
H;&M Hennes ;& Mauritz (Far East) Ltd
TESCO INTERNATIONAL SOURCING LIMITED
Nihalani Events Management
Tradewind International Servicing
Jiangsu Yingyang Nonwoven Machinery Company Limited
Abit
Sportswear Company Spa
Colours India Inc
Recron Polyester from Reliance Industries Limited
Reiter India Private Limited
Zünd Systemtechnik AG
Lenzing Aktiengesellschaft - India
Lisa S.P.A.
Pt. Peraga Nusantara Jaya Sakti
Coats Digital Limited
Vardhman Textile Ltd
N9 World Technologies Private Limited
BRINKMANN GMBH
USTER
Messe Duesseldorf
Hela Clothing Pvt Ltd
Midas Clothing Limited
Chico’ FAS
Infor (Hong Kong) Limited
The LYCRA Company Singapore  Pte. Ltd
Kern – Liebers Textile
Aquarelle Clothing Limited
IIGM Private Limited
FULGAR SpA
C;&A Sourcing International Ltd
Saurer Textile Solutions Pvt. Ltd.
CSGIA(China Screen Printing & Graphic Imaging Association)
International Textile Manufacturers Federation
Helly Hansen Far East Ltd
JES MEDIA, INC
Kornit Digital Asia Pacific Ltd
Stahl Holdings B.V.,
EMBEE CORPORATION
Hirdaramani International Export Private Limited
Sainsbury's Argos Asia Limited
Esprit Europe Services GmbH
Xtema - Thomas Lebherz Textilmaschinen
Haelixa AG
Lectra Technologies India Pvt Ltd.
Savio Macchine Tessili S.P.A.
ZAITEX spa
Datacolor AG Europe
SHAHI Exports Pvt Ltd
Gloria Jeans
NITI Aayog
Loris Bellini S.r.l.
APLF Limited
UBM China (Shanghai)
Shanghai  Aige Exhibition Service Co., Ltd
NV Michel Van de Wiele

May 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search