The movement in foreign currency exchange rates had a 1 percentage point negative impact on consolidated net sales growth in the first quarter of Fiscal 2013 over the prior year’s first quarter. The impact of foreign currency exchange rates on earnings per share is discussed below under “Items Impacting Comparability.”
A table detailing the impact of foreign currency on TJX pretax earnings and margins, as well as those of its international businesses, can be found in the Investor Information section of the Company’s website, www.tjx.com.
Items Impacting Comparability
The A.J. Wright consolidation in Fiscal 2012 impacted the comparability of this year’s first quarter to the prior year’s first quarter as detailed in the table below:
|Impact of A.J. Wright Store Closing||-||$.04|
|Store Conversion/Grand Re-Openings Costs||-||$.02|