This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

The TJX Companies, Inc. - Pre Recorded Sales/ Trading Statement Call

TJX Companies Inc. (TJX)

April 05, 2012 12:00 am ET

Executives

Sherry Lang - Senior Vice President of Global Communications

Presentation

Sherry Lang

Good morning. This is Sherry Lang, Senior Vice President of Global Communications for the TJX Companies. Today is April 5, 2012, and I would like to welcome you to our investor call to discuss our March 2012 sales.

Before I begin, please note that the forward-looking statements I make today about the company's results, expectations and plans are subject to risks and uncertainties that could cause actual results and actions to vary materially. These risks and the uncertainties are discussed in the company's SEC filings, including, without limitation, the Form 10-K filed March 27, 2012. Further, these comments are copyrighted by The TJX Companies. Any recording, rebroadcast, reproduction or other use of these comments for profit or otherwise without prior consent of TJX is prohibited and a violation of United States copyright laws. [Operator Instructions]

Now to recap the numbers. Sales for the 5-week period ended March 31, 2012, were $2.3 billion, up 14% over the $2 billion achieved during the 5-week period ended April 2, 2011. For the 9 weeks ended March 31, 2012, sales reached $4 billion, a 13% increase over last year's $3.5 billion. Consolidated comparable store sales for March 2012 increased 10%, well above our plan. For the 9-week year-to-date period, consolidated comp store sales also increased 10% over the same period last year.

It is great to see our strong momentum continue in March and be so broad-based with all divisions doing so well in the U.S., Canada and Europe. Both consolidated and Marmaxx comp store sales were up 10%, well ahead of our expectations and driven by significant increases in customer traffic. We have continued to offer the right fashion at the right price and the right time and believe that our mix has attracted customers to us. While warm weather was a positive for sales of spring apparel, sales were strong throughout the U.S., underscoring our view that the consumer wants value and is responding to the exciting shopping experience that we are offering.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,156.85 +24.88 0.15%
S&P 500 2,001.57 +2.59 0.13%
NASDAQ 4,562.1890 +9.43 0.21%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs