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TJX Companies reports strong July sales, updates Q2 outlook

Aug '06
Off-price apparel retailer TJX Companies Inc reported July 2006 sales results.

Sales for the four-week period ended July 29, 2006, were $1.2 billion, up 9% over the $1.1 billion achieved during the four-week period ended July 30, 2005.

For the 26 weeks ended July 29, 2006, sales reached $7.9 billion, an 8% increase over last year's $7.3 billion. Consolidated comparable store sales for the four-week period ended July 29, 2006, increased 4% over last year.

For the 13-week second quarter, comparable store sales increased 4% over last year. For the 26-week, year-to-date period, consolidated comparable store sales increased 3% over last year.

Ben Cammarata, Chairman and Acting CEO of TJX Companies Inc, stated, "Our July consolidated comparable store sales increase of 4% was above our expectations, driven by on-plan performance at The Marmaxx Group and strong performance across most of our smaller divisions. With continued strong performance in July, we now expect second quarter earnings per share slightly above the high end of our originally anticipated range of $.24 - $.26."

TJX Companies Inc is the leading off-price retailer of apparel and home fashions in the US and worldwide.

TJX Companies Inc

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