The TJX Companies, Inc. (
TJX)
Q3 2010 Earnings Call Transcript
November 17, 2009 11:00 a.m. ET
Executives
Carol Meyrowitz - President and Chief Executive Officer
Sherry Lang - Senior Vice President, Investor and Public Relations
Jeffrey G. Naylor - Senior Executive Vice President and Chief Financial and Administrative Officer
Ernie Herrman - Senior Executive Vice President and Group President
Analysts
Jeffrey Black - Barclays Capital
Adrianne Shapira - Goldman Sachs
Kimberly Greenberger - Citigroup
Jeffery Stein - Soleil-Stein Research
Paul Lejuez - Credit Suisse
Laura Champine - Cowen and Company
Jennifer - Lazard Capital Markets
Richard Jaffe - Stifel Nicolaus
Daniel Hofkin - William Blair & Company
Stacy Pak - SP Research
David Glick - Buckingham Research Group
Dana Telsey - Telsey Advisory Group
Marni Shapiro - The Retail Tracker
Howard Tubin - RBC Capital Markets
Susan Sansbury - Miller Tabak
Presentation
Operator
Ladies and gentlemen, thank you for standing by. Welcome to The TJX Companies’ Third Quarter Fiscal 2010 Financial Results Conference Call. At this time, all participants are in a listen-only mode.
Later, we will conduct a question-and-answer session. At that time, if you have a question, you will need to press star one. As a reminder, this conference call is being recorded Tuesday, November 17, 2009.
I would like to turn the conference call over to Ms. Carol Meyrowitz, President and CEO for The TJX Companies, Incorporated. Please go ahead, ma’am.
Carol Meyrowitz
Good morning, everyone. And before I begin, Sherry has a few comments to make.
Sherry Lang
Good morning. The forward-looking statements we make today about the company’s results and plans are subject to risks and uncertainties that could cause the actual results and the implementation of the company’s plans to vary materially. These risks are discussed in the company’s SEC filings including without limitation the Form 10-K filed March 31, 2009.
Further, these comments and the Q&A that follows are copyrighted today by The TJX Companies. Any recording, retransmission, reproduction or other use of the same for profit or otherwise without prior consent of TJX is prohibited and a violation of the United States copyright and other laws.
Additionally, while we have approved the publishing of a transcript of this call by a third party, we take no responsibility for inaccuracies that may appear in that transcript. Please note that the financial results and the expectations we discuss today are on a continuing operations basis.
Also, we have detailed the impact of foreign exchange on our consolidated results and our international divisions in today’s press release and the investor information section of our website, www.tjx.com. As a reminder, the comparable store sales numbers that we talk about today are on a constant currency basis.
With respect to the non-GAAP measures we discuss today, reconciliations to GAAP measures are included in today’s press release and posted on our website, www.tjx.com, in the investor information section.
Thank you and now I’ll turn it over to Carol.
Carol Meyrowitz
