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Tjx Companies

Tjx Companies is a publicly traded company having a good stock performance result. Tjx Companies is a fortune 500 stock listed company trading under TJX.

The company is the leading off-price apparel and home fashions retailer in the United States and worldwide. TJX operates eight businesses T.J. Maxx, Marshalls, HomeGoods, A.J. Wright, and Bob's Stores in the U.S., Winners and HomeSense in Canada, and T.K. Maxx in Europe. Their off-price mission is to deliver a rapidly changing assortment of quality, brand name merchandise at prices that are 20 to 60 less than department and specialty store regular prices, every day.

Their target customer for the off-price concepts is middle to upper-middle income shopper, who is fashion and value conscious and fits the same profile as a department store shopper, with the exception of A.J. Wright, which reaches a more moderate income market. Bob’s Stores has a customer demographic that spans the moderate to upper-middle income range and a higher percentage of males in its customer base.

The TJX Companies, Inc. the leading off-price retailer of apparel and home fashions in the United States and worldwide, today announced sales and earnings results for the fiscal year and fourth quarter ended January 28, 2006. Net sales for the fiscal year were 16.1 billion dollars, an 8 percent increase over last year and consolidated comparable store sales increased 2 percent. As previously announced, the Company has adopted the new stock compensation accounting standard as of the fourth quarter of fiscal year 2006.

Accordingly, all results for current and prior periods now reflect the impact of stock option expense. Their net income for the 52 week fiscal year was 690 million dollars, and diluted earnings per share were 1.41 dollars compared to 1.21 dollars for the prior year. Results for both years were impacted by certain one-time items, which are described further below. Excluding these one-time items, pro forma full-year diluted earnings per share were 1.29 dollars versus 1.25 dollars last year.
The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates 799 T.J. Maxx, 715 Marshalls, 251 HomeGoods and 152 A.J. Wright stores, as well as 35 Bob's Stores, in the U.S. In Canada, the Company operates 174 Winners and 58 HomeSense stores, and in Europe, 197 T.K. Maxx stores.

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