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The TJX Companies, Inc. Sees Momentum Continue; Reports 24% Increase In Second Quarter EPS; Raises Full-Year Guidance

Stores by Concept

During the second quarter ended July 28, 2012, the Company increased its store count by a net of 32 stores. The Company increased its square footage by 4% over the same period last year.
       
Store Locations   Gross Square Feet
Second Quarter Second Quarter
        (in millions)
    Beginning   End   Beginning   End
In the U.S.:                
T.J. Maxx   990   1,005   29.0   29.4
Marshalls   888   891   27.5   27.7
HomeGoods   383   393   9.6   9.8
TJX Canada:                
Winners   220   220   6.4   6.4
HomeSense   86   87   2.1   2.1
Marshalls   12   12   0.4   0.4
TJX Europe:                
T.K. Maxx   335   338   10.6   10.7
HomeSense   24   24   0.5   0.5
                 
TJX   2,938   2,970   86.1   87.0
   

About The TJX Companies, Inc.

The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 1,005 T.J. Maxx, 891 Marshalls, and 393 HomeGoods stores in the United States; 220 Winners, 87 HomeSense, and 12 Marshalls stores in Canada; and 338 T.K. Maxx and 24 HomeSense stores in Europe. TJX’s press releases and financial information are also available at www.tjx.com.

Fiscal 2013 Second Quarter Earnings Conference Call

At 11:00 a.m. ET today, Carol Meyrowitz, Chief Executive Officer of TJX, will hold a conference call with stock analysts to discuss the Company’s second quarter Fiscal 2013 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 by dialing (866) 367-5577 through Tuesday, August 21, 2012 or at www.tjx.com.

August Fiscal 2013 Sales Recorded Call

Additionally, the Company expects to release its August 2012 sales results on Thursday, August 30, 2012, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJX’s August sales results, operations and business trends will be available at www.tjx.com, or by calling (703) 736-7248 through Thursday, September 6, 2012.

Non-GAAP Financial Information

The Company has used non-GAAP financial measures in this press release. The Company uses the term “reported” to refer to financial measures prepared in accordance with accounting principles generally accepted in the United States (GAAP) and the term “adjusted” to refer to non-GAAP financial information adjusted to exclude a number of identified items. The Company believes that the presentation of adjusted financial results provides additional information on comparisons between periods including underlying trends of its business by excluding certain items that affect overall comparability. Non-GAAP financial measures should be considered in addition to, and not as an alternative for, the Company’s reported results prepared in accordance with GAAP.

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