TJX has only had one year of negative comparable store sales growth in their 41 year history. Below is a chart going back to 1982 with comparable store sales at the very bottom – the only year it was negative is 1996. So, despite the severity of the last recession, they saw growth. Comparable store sales is also referred to as same store sales (SSS) – it measures year over year sales growth of stores open at least 12 months, so it excludes the impact of store openings or closures. Some companies include e-commerce sales in this measure – TJX does not.
[tag TJX]
Sarah Kanwal
Equity Analyst, Director
Direct: 617.226.0022
Fax: 617.523.8118
Crestwood Advisors
One Liberty Square, Suite 500
Boston, MA 02109