The TJX Companies, Inc. Reports Strong September 2006 Sales; Raises Third Quarter Outlook.FRAMINGHAM, Mass. -- The TJX Companies The TJX Companies, Incorporated (NYSE: TJX), is the largest international apparel and home fashions off-price department store chain, based in Framingham, Massachusetts, in the United States. , Inc. (NYSE NYSE See: New York Stock Exchange : TJX) today reported September 2006 sales results. Sales for the five-week period ended September 30, 2006, were $1.7 billion, up 14% over the $1.5 billion achieved during the five-week period ended October 1, 2005. For the 35 weeks ended September 30, 2006, sales reached $10.9 billion, a 9% increase over last year's $10.0 billion. Consolidated comparable store sales for the five-week period ended September 30, 2006, increased 9% over last year. For the 35-week period ended September 30, 2006, consolidated comparable store sales increased 4% over last year. Ben Cammarata, Chairman and Acting Chief Executive Officer of The TJX Companies, Inc., stated, "Our consolidated comparable store sales increase of 9% was well ahead of our expectations, with every division exceeding plan. Solid execution of our off-price fundamentals, which includes a consistent flow of exciting, brand-name merchandise at great values, combined with favorable weather patterns, drove our strong results. With above-plan performance in September, we are raising our third quarter earnings per share outlook to $.44 - $.45." The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 817 T.J. Maxx T.J. Maxx is a chain of American department stores owned by TJX Companies. It is the largest off-price apparel retailer in the United States offering brand name clothing, footwear, bedding, furniture, jewelry, beauty products, and housewares. , 741 Marshalls, 264 HomeGoods, and 161 A.J. Wright stores, as well as 36 Bob's Stores Bob's Stores is a chain of approximately 35[1] American retail stores owned by TJX Companies, the largest off-price retailer in the world. Founded as Bob's Surplus in Middletown, Connecticut, by Bob Lapidus in 1954, the chain expanded gradually until it was acquired by , in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . In Canada, the Company operates 183 Winners and 67 HomeSense stores, and in Europe, 207 T.K. Maxx stores. TJX's press releases and financial information are also available on the Internet at www.tjx.com. September and October Fiscal 2007 Sales Recorded Calls A recorded message with more detailed information regarding TJX's September 2006 sales results, operations and business trends is available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, October 12, 2006. The Company expects to release its October 2006 sales results on Thursday, November 2, 2006, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJX's October sales results, operations and business trends will be available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, November 9, 2006. Third Quarter Fiscal 2007 Earnings Conference Call Additionally, the Company expects to release its fiscal third quarter earnings on Tuesday, November 14, 2006, before 9:30 a.m. ET. At 11:00 a.m. ET that day, Ben Cammarata, Chairman and Acting Chief Executive Officer, and Carol Meyrowitz Carol Meyrowitz (age 52 in 2006)[1] is the president, Chief Executive Officer, and director of TJX Companies, the leading off-price retailer in the United States.[2] She ranked 26th on CNN's 50 Most Powerful Women in Business 2006. , President of TJX, will hold a conference call with stock analysts to discuss the Company's third quarter fiscal 2007 sales results, operations and business trends. A real-time webcast of the call will be available at www.tjx.com. A replay of the call will also be available at www.tjx.com or by dialing (866) 386-1298 through Tuesday, November 21, 2006. Archived versions of the Company's recorded messages and conference calls are available at www.tjx.com after they are no longer available by telephone. SAFE HARBOR Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. STATEMENTS UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and OF 1995: Various statements made in this release are forward-looking and involve a number of risks and uncertainties. All statements that address activities, events or developments that we intend, expect or believe may occur in the future, including projections of earnings per share and same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of , are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . The following are some of the factors that could cause actual results to differ materially from the forward-looking statements: our ability to continue successful expansion of our store base and increase same store sales; risks of expansion; our ability to successfully implement our opportunistic inventory strategies and to effectively manage our inventories; successful advertising and promotion; consumer confidence, demand, spending habits and buying preferences; effects of unseasonable un·sea·son·a·ble adj. 1. Not suitable to or appropriate for the season. 2. Not characteristic of the time of year: unseasonable weather. 3. Poorly timed; inopportune. weather; competitive factors; factors affecting availability of store and distribution center locations on suitable terms; factors affecting our recruitment and employment of associates; factors affecting expenses; success of our acquisition and divestiture The breakup of AT&T. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs). activities; our ability to successfully implement technologies and systems and protect data; our ability to continue to generate adequate cash flows; availability and cost of financing; general economic conditions, including gasoline prices; potential disruptions due to wars, natural disasters and other events beyond our control; changes in currency and exchange rates; import risks; adverse outcomes for any significant litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. ; changes in laws and regulations and accounting rules and principles; closing adjustments; effectiveness of internal controls; and other factors that may be described in our filings with the Securities and Exchange Commission. We do not undertake to publicly update or revise our forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied in such statements will not be realized. |
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