The TJX Companies, Inc. (NYSE: TJX), the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, today announced sales and earnings results for the first quarter ended April 26, 2008. Net sales for the first quarter of Fiscal 2009 increased 6% to $4.4 billion, and consolidated comparable store sales increased 3% over last year. Net income for the first quarter was $194 million, and diluted earnings per share were $.43 compared to $.34 last year. This year’s first quarter results include a benefit of $12 million, which rounds to $.02 per share, due to certain tax-related adjustments unanticipated at the beginning of the quarter. Prior year’s first quarter results included an after-tax charge of $12 million, which rounds to $.03 per share, with respect to the computer intrusion(s). Excluding these items, first quarter Fiscal 2009 adjusted diluted earnings per share of $.41 increased 11% over the adjusted $.37 for the prior year.

Carol Meyrowitz, President and Chief Executive Officer of The TJX Companies, Inc., stated, “We are pleased with our first quarter performance, as we once again drove strong sales, merchandise margins, and profit growth despite the challenges of the consumer environment and unfavorable weather in the first two months. While we continue our sharp execution of our off-price business model and deliver strong results, we are also funding our expansion domestically and internationally. We are excited by our prospects for growth in Europe, having opened our first HomeSense stores in the U.K. and another T.K. Maxx store in Germany. As we move into the second quarter, we are very well positioned to continue to capitalize upon merchandise opportunities and deliver great value to our customers every day.”

Share Repurchases

During the first quarter, the Company spent a total of $225 million in repurchases of TJX stock, retiring 7.0 million shares. It remains the Company’s plan to repurchase at least $900 million of TJX stock in Fiscal 2009.

Second Quarter and Full Year Fiscal 2009 Outlook

For the second quarter of Fiscal 2009, the Company expects earnings per share in the range of $.40 to $.42. This compares to $.13 in earnings per share in the prior year, which includes a $.25 per share charge related to the previously announced computer intrusion(s). Excluding this charge, the Company’s estimated range for Fiscal 2009 second quarter earnings per share represents a 5%-11% increase over prior year’s adjusted diluted earnings per share of $.38. This range is based upon estimated consolidated comparable store sales growth of approximately 3%, of which approximately 0.5 percentage points is due to the impact of foreign exchange.

For the fiscal year ending January 31, 2009, the Company is maintaining its guidance of earnings per share in the range of $2.20 to $2.25. This range represents a 33% - 36% increase over earnings per share of $1.66 in the prior year, which include a charge of $119 million or $.25 per share related to the previously announced computer intrusion(s). Excluding this charge, this range represents a 15% to 18% increase over the $1.91 adjusted earnings per share in Fiscal 2008. This range includes an expected $.09 per share benefit from the 53rd week in the Company’s Fiscal 2009 calendar. Excluding this benefit, the estimated range of $2.11 - $2.16 represents a 10% to 13% increase over the adjusted $1.91 in earnings per share last year. This range is based upon estimated consolidated comparable store sales growth of 2% to 3%, of which approximately 0.5 percentage points is due to the impact of foreign currency exchange rates.

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 857 T.J. Maxx, 784 Marshalls, 294 HomeGoods, and 130 A.J. Wright stores, as well as 34 Bob’s Stores, in the United States. In Canada, the Company operates 196 Winners and 73 HomeSense stores, and in Europe, 227 T.K. Maxx and one HomeSense stores.

For more information, visit www.tjx.com.