The TJX Companies, Inc. Reports Strong May 2009 Sales Thursday, June 04, 2009 8:32:00 AM ET The TJX Companies, Inc. (TJX ) today reported May 2009 sales results. Sales for the four-week period ended May 30, 2009, were $1.49 billion, up 4% over the $1.43 billion achieved during the four-week period ended May 31, 2008. For the 17 weeks ended May 30, 2009, sales reached $5.84 billion, up 1% over the $5.78 billion achieved during the 17 weeks ended May 31, 2008. Total sales for both 2009 periods were adversely impacted by foreign currency exchange rates. Consolidated comparable store sales increased 5% over last year for the four-week period ended May 30, 2009. For the 17-week, year-to-date period, consolidated comparable store sales increased 3% over last year. Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc., stated, "Our consolidated comparable store sales increase of 5% in May exceeded our expectations, as our strong value equation continued to resonate with customers and boost customer traffic. The month started out well and sales trends improved further as the month progressed. Our strategy of running the business with lean inventories supports our close-to-need buying and we are flowing extremely fresh fashions to our stores. One month into the quarter, we remain very comfortable with our previously anticipated range of second quarter earnings per share from continuing operations of $.43 - $.49, compared with $.48 in the prior year." The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 882 T.J. Maxx, 811 Marshalls, 322 HomeGoods, and 141 A.J. Wright stores in the United States. In Canada, the Company operates 203 Winners, 75 HomeSense and 3 STYLESENSE stores, and in Europe, 242 T.K. Maxx and 8 HomeSense stores. TJX’s press releases and financial information are also available on the Internet at www.tjx.com. May and June Fiscal 2010 Sales Recorded Calls A recorded message with more detailed information regarding TJX’s May 2009 sales results, operations and business trends is available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, June 11, 2009. The Company expects to release its June 2009 sales results on Thursday, July 9, 2009, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJX’s June sales results, operations and business trends will be available via the Internet at www.tjx.com, or by calling (703) 736-7248 through Thursday, July 16, 2009. Important Information at Website 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. The Company routinely posts information that may be important to investors in the Investor Information section at www.tjx.com. The Company encourages investors to consult that section of its website regularly. Forward-looking Statement SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT 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 are forward-looking statements. The following are some of the factors that could cause actual results to differ materially from the forward-looking statements: conditions of global economies and credit and financial markets; foreign currency exchange rates; execution of buying and inventory management; expansion of operations; identification of customer trends and preferences; fluctuation in results; risks of new market/category expansion; implementation of marketing, advertising and promotional programs; losses from and consequences of computer intrusion(s); seasonal influences; risks of operating a large, multi-division, multi-national business; unseasonable weather; competition; retention of personnel; acquisitions and divestitures; operation and implementation of information systems and technology; protection of data; level of cash flows generated; factors affecting consumer spending; merchandise quality and safety; import risks; risks of foreign operations; changes in law and regulations; outcomes of litigation and proceedings; risks of real estate ownership and leasing; stock price fluctuations 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. SOURCE: The TJX Companies The TJX Companies, Inc. Sherry Lang Senior Vice President Investor and Public Relations (508) 390-2323
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