TJX, Kohl's see growth in June

FRAMINGHAM, Mass. and MENOMONEE FALLS, Wis. The TJX Companies today reported June 2007 sales results. Sales for the five-week period ended July 7, were $1.7 billion, up 9% over the $1.5 billion achieved during the five-week period ended July 8, 2006. For the 22 weeks ended July 7, sales reached $7.2 billion, an 8% increase over last year's $6.7 billion. Consolidated comparable-store sales for the five-week period ended July 7, increased 5% over last year. For the 22-week period ended July 7, consolidated comparable-store sales increased 4% over last year.

TJX said that it now expects second quarter earnings per share in the range of 34 cents to 36 cents. This represents a 17% to 24% increase on top of last year's strong increase.

For the same five-week period, Kohl's reported today that sales increased 2% to $1.345 billion from $1.318 billion for the five-week period ended July 1, 2006. On a comparable-store basis, sales decreased 4.9%. For the 22 weeks ended July 7, total sales were up 10.7% over the 22 weeks ended July 1, 2006. On a comparable-store basis, sales for the 22-week period increased 3%.