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The TJX Companies sales grow 6% in April

05 May '06

2 min read

Apparel off-price retailer The TJX Companies Inc has reported April 2006 sales results.

Sales for the four-week period ended April 29th 2006, were $1.3 billion, up 6 percent over the $1.2 billion achieved during the four-week period ended April 30th 2005. For the thirteen weeks ended April 29th 2006, sales reached $3.9 billion, a 7 percent increase over last year's $3.7 billion.

Consolidated comparable store sales for the four-week period ended April 29th 2006, increased 1 percent over last year. For the thirteen-week period ended April 29th 2006, consolidated comparable store sales increased 1 percent over last year.

Ben Cammarata, Chairman and Acting CEO of The TJX Companies Inc, stated, "While our comparable store sales increase of 1 percent in April was less than we expected, merchandise margins are very strong, expenses are well controlled, and inventories are in great shape. Therefore, we now expect to achieve first quarter earnings per share near the upper end of our previously anticipated range of $.31 - $.33, an 11 – 18 percent increase over last year."

The TJX Companies Inc is the leading off-price retailer of apparel and home fashions in the US and worldwide. It operates 805 T.J. Maxx, 725 Marshalls, 254 HomeGoods, and 156 A.J. Wright stores, as well as 35 Bob's Stores, in the United States. In Canada, it operates 178 Winners and 60 HomeSense stores, and in Europe, 201 T.K. Maxx stores.

The TJX Companies Inc

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