THE TJX COMPANIES, INC. REPORTS VERY STRONG U.S. OPEN-ONLY COMP STORE SALES
GROWTH OF 13% FOR Q4 FY22 VS. Q4 FY20; FY22 U.S. OPEN-ONLY COMP SALES UP 17% VS. FY20;
ANNOUNCES PLANS TO INCREASE DIVIDEND 13% AND BUY BACK $2.25 TO $2.50 BILLION OF
STOCK
Wednesday, February 23, 2022
Page 7
Forward-looking Statement
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Various statements made in
this release are forward-looking and involve a number of risks and uncertainties. All statements that address activities, events or developments
that we intend, expect or believe may occur in the future are forward-looking statements, including, among others, statements regarding the
Company’s anticipated operating and financial performance, business plans and prospects, dividends and share repurchases, and fiscal 2023
outlook. The following are some of the factors that could cause actual results to differ materially from the forward-looking statements: the
ongoing COVID-19 pandemic and associated containment and remediation efforts; execution of buying strategy and inventory management;
various marketing efforts; customer trends and preferences; competition; operational and business expansion; management of large size and scale;
merchandise sourcing and transport; labor costs and workforce challenges; personnel recruitment, training and retention; data security and
maintenance and development of information technology systems; corporate and retail banner reputation; cash flow; expanding international
operations; fluctuations in quarterly operating results and market expectations; mergers, acquisitions, or business investments and divestitures,
closings or business consolidations; real estate activities; inventory or asset loss; economic conditions and consumer spending; market instability;
serious disruptions or catastrophic events; disproportionate impact of disruptions in the final quarter of the fiscal year; commodity availability and
pricing; adverse or unseasonable weather; fluctuations in currency exchange rates; compliance with laws, regulations and orders and changes in
laws, regulations and applicable accounting standards; outcomes of litigation, legal proceedings and other legal or regulatory matters; quality,
safety and other issues with our merchandise; tax matters; and other factors that may be described in our filings with the Securities and Exchange
Commission. We do not undertake to publicly update or revise our forward-looking statements even if experience or future changes make it clear
that any projected results expressed or implied in such statements will not be realized.
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