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TJX Companies May same-store sales rise 4%

01
Jun '06

Off-price apparel and home fashions retailer TJX Companies Inc has reported May 2006 sales results.

Sales for the four-week period ended May 27th 2006, were $1.3 billion, up 9 percent over the $1.2 billion achieved during the four-week period ended May 28th 2005.

For the 17 weeks ended May 27th 2006, sales reached $5.2 billion, a 7 percent increase over last year's $4.8 billion. Consolidated comparable store sales for the four-week period ended May 27th 2006, increased 4 percent over last year.

For the 17-week period ended May 27th 2006, consolidated comparable store sales increased 2 percent over last year.

Ben Cammarata, Chairman and Acting CEO of TJX Companies Inc, stated, "Our consolidated comparable store sales increase in May of 4 percent was at the high end of our expectations. Our liquid inventory position allowed us to buy into market trends which, along with improved performance at several of our smaller divisions, helped drive comp sales. We continue to expect second quarter earnings per share in the range of $.24 - $.26."

TJX Companies Inc is the leading off-price retailer of apparel and home fashions in the US and worldwide. It operates 808 T.J. Maxx, 729 Marshalls, 260 HomeGoods, and 156 A.J. Wright stores, as well as 35 Bob's Stores, in the United States. In Canada, the Company operates 178 Winners and 61 HomeSense stores, and in Europe, 201 T.K. Maxx stores.

TJX Companies Inc

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