TJX Company Inc (TJX)

FRAMINGHAM, Mass.--(BUSINESS WIRE)--
The TJX Companies, Inc. (NYSE: TJX) today reported January 2010 sales
results. Sales for the four-week period ended January 30, 2010, were
$1.3 billion, up 20% over the $1.0 billion achieved during the four-week
period ended January 31, 2009. For the 52 weeks ended January 30, 2010,
sales reached $20.3 billion, up 8% over the $18.7 billion achieved
during the 52-week period last year. Consolidated comparable store sales
for the four-week period ended January 30, 2010 increased 12% versus a
4% decrease in the same period last year. For the 13-week fourth
quarter, consolidated comparable store sales increased 12% over a 2%
decrease last year. For the 52-week, year-to-date period, consolidated
comparable store sales increased 6% over a 1% increase last year.

Carol Meyrowitz, President and Chief Executive Officer of The TJX
Companies, Inc., stated, â??We are very pleased with our 12% increase in
January consolidated comparable store sales, particularly since January
is typically not a big shopping month. Customer traffic continued to
accelerate, which we believe underscores our view that customers will
continue to focus on value, even as the economy improves. Importantly,
The Marmaxx Group posted a 13% comparable store sales increase and all
of our divisions and growth vehicles are performing well. Additionally,
we achieved these robust sales despite significantly lower levels of
clearance inventories. With above-plan sales and margins continuing in
January, we are significantly raising our guidance for fourth quarter
earnings per share to the range of $.90 to $.91. With the strength of
our value proposition, our flexible business model, and our unusually
broad customer demographic reach, we remain very confident that our
momentum will continue as we move forward.�

Updated Fourth Quarter and Full Year
Fiscal 2010 Guidance

The Company now expects fourth quarter Fiscal 2010 diluted earnings per
share from continuing operations to be in the range of $.90 to $.91, up
55% to 57% over $.58 per share last year on a reported basis. It is
important to note that comparisons of projected fourth quarter results
to the prior yearâ??s quarter are impacted by the benefit from the extra
week in the Companyâ??s Fiscal 2009 fourth quarter, a non-operating item
in that quarter, and foreign currency exchange rates. Please go to the
Reconciliation of Financials section of the Companyâ??s website at www.tjx.com
for details on the comparability of these items. Excluding $.09 per
share for last yearâ??s extra week and $.03 per share for last yearâ??s
non-operating item, the Companyâ??s fourth quarter guidance represents a
96% to 98% increase over last yearâ??s adjusted $.46 in earnings per share.

With this updated outlook for the fourth quarter, the Company is raising
its guidance for full year Fiscal 2010 earnings per share from
continuing operations to be in the range of $2.80 to $2.81, up 35% over
$2.08 per share last year on a reported basis. It is important to note
that comparisons of projected full year results to prior year are
impacted by the benefit from the extra week in the Companyâ??s Fiscal 2009
calendar, non-operating items in that year, and foreign currency
exchange rates. Please go to the Reconciliation of Financials section of
the Companyâ??s website at www.tjx.com
for details on the comparability of these items. Excluding $.09 per
share for last yearâ??s extra week and $.07 per share for last yearâ??s
non-operating items, the Companyâ??s full year guidance represents a 46%
increase over last yearâ??s adjusted $1.92 in earnings per share.

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 890 T.J.
Maxx, 813 Marshalls, 323 HomeGoods, and 150 A.J. Wright stores in the
United States. In Canada, the Company operates 208 Winners, 79 HomeSense
and 3 STYLESENSE stores, and in Europe, 263 T.K. Maxx and 14 HomeSense
stores. TJXâ??s press releases and financial information are also
available on the Internet at www.tjx.com.

January and February 2010 Recorded
Sales Calls

A recorded message with more detailed information regarding TJXâ??s
January 2010 sales results, operations and business trends is available
via the Internet at www.tjx.com,
or by calling (703) 736-7248 through Thursday, February 11, 2010. The
Company expects to release its February 2010 sales results on Thursday,
March 4, 2010, at approximately 8:15 a.m. ET. Concurrent with that press
release, a recorded message with more detailed information regarding
TJXâ??s February sales results, operations and business trends will be
available via the Internet at www.tjx.com,
or by calling (703) 736-7248 through Thursday, March 11, 2010.

Fourth Quarter and Fiscal Year 2010
Earnings Conference Call

Additionally, the Company expects to release its Fiscal 2010 fourth
quarter and year-end earnings on Wednesday, February 24, 2010, before
9:30 a.m. ET. At 11:00 a.m. ET that day, Carol Meyrowitz, President and
Chief Executive Officer of TJX, will hold a conference call with stock
analysts to discuss the Companyâ??s Fiscal 2010 results, operations and
business trends, as well as expectations for Fiscal 2011. A real-time
webcast of the call will be available at www.tjx.com.
A replay of the call will also be available at www.tjx.com
or by dialing (866) 367-5577 through Wednesday, March 3, 2010.

Important Information at Website

Archived versions of the Companyâ??s recorded messages and conference
calls are available at www.tjx.com
after they are no longer available by telephone. The Company routinely
posts information that may be important to investors in the Investor
Information section at www.tjx.com.
The Company encourages investors to consult that section of its website
regularly.

Forward-looking Statement

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995: Various statements made in this release are forward-looking and
involve a number of risks and uncertainties. All statements that address
activities, events or developments that we intend, expect or believe may
occur in the future are forward-looking statements. The following are
some of the factors that could cause actual results to differ materially
from the forward-looking statements: conditions of global economies and
credit and financial markets; foreign currency exchange rates; execution
of buying and inventory management; expansion of operations;
identification of customer trends and preferences; fluctuation in
results; risks of new market/category expansion; implementation of
marketing, advertising and promotional programs; losses from and
consequences of computer intrusion(s) and data theft, loss or misuse;
seasonal influences; risks of operating a large, multi-division,
multi-national business; unseasonable weather; competition; retention of
personnel; acquisitions and divestitures; operation and implementation
of information systems and technology; protection of data; level of cash
flows generated; factors affecting consumer spending; merchandise
quality and safety; import risks; risks of foreign operations; changes
in laws and regulations; outcomes of litigation and proceedings; risks
of real estate ownership and leasing; stock price fluctuations and other
factors that may be described in our filings with the Securities and
Exchange Commission. We do not undertake to publicly update or revise
our forward-looking statements even if experience or future changes make
it clear that any projected results expressed or implied in such
statements will not be realized.

Source: The TJX Companies