Leading off-price apparel retailer TJX Companies Inc reported December 2005 sales results.
Sales for the five-week period ended December 31, 2005, were $2.3 billion, up 11 percent over $2.1 billion achieved during the five-week period ended January 1, 2005.
For the 48 weeks ended December 31, 2005, sales reached $15.1 billion, an increase of 7 percent over last year's $14.1 billion.
Consolidated comparable store sales for the five-week period ended December 31, 2005, were up 6 percent over last year.
For the 48-week, year-to-date period, consolidated comparable store sales increased 2 percent over last year.
Ben Cammarata, Chairman and Acting Chief Executive Officer of The TJX Companies Inc, stated, 'Their comparable store sales increase of 6 percent in December was well above their expectations.
Trends were strong throughout the month and, as expected, surged during the week before Christmas.
Additionally, comparable store sales results at every division were above their plans for the month. With December's robust sales and solid gross margins, they are very comfortable that fourth quarter earnings per share will meet or exceed their previously anticipated range of $.41 - $.43.'
The TJX Companies Inc is the leading off-price retailer of apparel and home fashions in the US and worldwide.
The Company operates 802 T J Maxx, 719 Marshalls, 252 HomeGoods and 154 A J Wright stores, as well as 35 Bob's Stores, in the United States.
In Canada, the Company operates 174 Winners and 58 HomeSense stores, and in Europe, 197 T K Maxx stores.
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