The movement in foreign currency exchange rates had a one percentage point negative impact on consolidated net sales growth in the second quarter of Fiscal 2013 versus the prior year’s second 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
For the second quarter of Fiscal 2013 the earnings per share impact of foreign currency exchange rates was neutral, compared with a $.01 per share positive impact last year.For the first six months of Fiscal 2013, comparability to the prior year was impacted by the A.J. Wright consolidation in Fiscal 2012, detailed in the table below:
|First Six Months|
|Impact of A.J. Wright Store Closings||-||$.04|
|Store Conversion/Grand Re-Openings Costs||-||$.02|