The TJX Companies January Sales up 2%; Sees Q4 EPS of $.97 - $1.01

The TJX Companies, Inc. TJX today reported January 2011 sales results. Sales for the four-week period ended January 29, 2011, were $1.35 billion, up 8% over the $1.25 billion achieved during the four-week period ended January 30, 2010. For the 52 weeks ended January 29, 2011, sales reached $22.1 billion, up 9% over the $20.3 billion achieved during the 52-week period last year. Consolidated comparable store sales for the four-week period ended January 29, 2011 increased 2% compared to 12% last year. For the 13-week fourth quarter, consolidated comparable store sales increased 2% over a 12% increase last year. For the 52-week, year-to-date period, consolidated comparable store sales increased 4% over a 6% increase last year. "We now expect fourth quarter adjusted earnings per share to be slightly above the high end of our prior range of $.97 - $1.01 with a corresponding increase for the full year. We begin our new fiscal year in an excellent inventory position. This gives us great flexibility with which to capitalize on the abundant opportunities that we are seeing in the marketplace, which translates into great value for our customers.”