The TJX Companies, Inc. Reports 28% Adjusted EPS Growth On $25.9 Billion In Sales In Fiscal 2013; Announces New $1.5 Billion Stock Repurchase Program; Plans 26% Increase In Dividend
The Company’s earnings guidance for the first quarter and full year Fiscal 2014 assumes that currency exchange rates will remain unchanged from current levels.
Stores by Concept
During the fiscal year ended February 2, 2013, the Company increased its store count by a net of 145 stores to end the year with 3,050 stores. The Company increased square footage by 4% over the same period last year.
|Store Locations||Gross Square Feet*|
|In the U.S.:|
|Sierra Trading Post **||NA||4||NA||0.1|
*Square feet figures may not foot due to rounding. **TJX acquired Sierra Trading Post on December 21, 2012.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 1,036 T.J. Maxx, 904 Marshalls, 415 HomeGoods and 4 Sierra Trading Post stores as well as SierraTradingPost.com in the United States; 222 Winners, 88 HomeSense, and 14 Marshalls stores in Canada; and 343 T.K. Maxx and 24 HomeSense stores in Europe. TJX’s press releases and financial information are also available at www.tjx.com. Fiscal Year and Fourth Quarter 2013 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 full year and fourth quarter Fiscal 2013 results, operations and business trends and plans for Fiscal 2014. 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 Wednesday, March 6, 2013 or at www.tjx.com. February Fiscal 2014 Sales Recorded Call Additionally, the Company expects to release its February 2013 sales results on Thursday, March 7, 2013, at approximately 8:15 a.m. ET. Concurrent with that press release, a recorded message with more detailed information regarding TJX’s February sales results, operations and business trends will be available at www.tjx.com, or by calling (703) 736-7248 through Thursday, March 14, 2013. 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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