Tag Archives: Carol Meyrowitz
The TJX Companies, Inc. Reports March 2013 Sales
By Business Wirevia The Motley Fool
Filed under: Investing
The TJX Companies, Inc. Reports March 2013 Sales
FRAMINGHAM, Mass.–(BUSINESS WIRE)– The TJX Companies, Inc. (NYS: TJX) today reported March 2013 sales results. Sales for the five-week period ended April 6, 2013, were $2.4 billion, up 5% over the $2.3 billion achieved during the five-week period ended March 31, 2012. For the nine-week period ended April 6, 2013, sales reached $4.2 billion, a 6% increase over the $4.0 billion achieved during the nine-week period ended March 31, 2012. Consolidated comparable store sales for the five-week period ended April 6, 2013, were down 2%. For the nine-week period ended April 6, 2013, consolidated comparable store sales decreased 1%.
Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “Due to the year-over-year timing of Easter, we had not planned March to be a strong month against last year’s high increase, and our comparable store sales were in line with our expected range. This was despite the extraordinarily cold weather across most regions in the U.S., Canada and Europe. In regions of the U.S. where weather was not an issue, we saw comp sales increases. Further, overall business trends improved as the weather became warmer. For the first quarter, even with March sales at the low end of our expected range, merchandise margins are on track to be better than last year and we are narrowing the range of our earnings per share guidance to $.60-$.62. It is worth noting that this represents a very solid increase over last year’s first quarter, which had the highest EPS growth of that year. April is off to a good start, our inventories are in great shape, and we are seeing an enormous amount of desirable product in the marketplace.”
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 1,044 T.J. Maxx, 909 Marshalls, 423 HomeGoods and 4 Sierra Trading Post stores as well as SierraTradingPost.com in the United States; 225 Winners, 89 HomeSense, and 21 Marshalls stores in Canada; and 348 T.K. Maxx and 24 HomeSense stores in Europe. TJX‘s press releases and financial information are also available at www.tjx.com.
From: http://www.dailyfinance.com/2013/04/11/the-tjx-companies-inc-reports-march-2013-sales/
The TJX Companies, Inc. Announces 26% Increase in Common Stock Dividend
By Business Wirevia The Motley Fool
Filed under: Investing
The TJX Companies, Inc. Announces 26% Increase in Common Stock Dividend
FRAMINGHAM, Mass.–(BUSINESS WIRE)– The TJX Companies, Inc. (NYS: TJX) , the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, today announced that its Board of Directors has raised the amount of its quarterly dividend by 26% from the last dividend paid. The Board declared a regular quarterly dividend in the amount of $.145 per share, payable June 6, 2013, to shareholders of record on May 16, 2013.
Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “I am pleased to report that our Board of Directors has approved a 26% increase in our quarterly dividend, which marks the 17th consecutive year of dividend increases. Over this period of time, the Company’s dividend has grown at a compound annual rate of 23%. In addition to the dividend increase, we plan to continue our significant share buyback program, with approximately $1.3 billion to $1.4 billion of repurchases planned for Fiscal 2014. With our financial strength and flexibility, we remain committed to returning cash to our shareholders after reinvesting in our business to support the near- and long-term growth of TJX. These actions underscore our confidence in our ability to continue generating superior financial returns.”
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, 416 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 348 T.K. Maxx and 24 HomeSense stores in Europe. TJX’s press releases and financial information are also available at www.tjx.com.
Important Information at Website
The Company’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 …read more
Source: FULL ARTICLE at DailyFinance