Toys R Us has released the financial reports for the third quarter ended October 31, 2009. The company’s net results were reported to have increased by $37 million to a loss of $67 million for the quarter. The company recorded a loss of $104 million for the same period during fiscal 2008. Operating loss has improved to $9 million for the third quarter of fiscal year 2009, versus the $54 million loss reported for the same period the previous year.
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Toys R Us’ net sales for the third quarter of fiscal 2009 and 2008 were $2.7 million and $2.8 million respectively. The gross margin rate for the third quarter of fiscal 2009 was 35.6%, representing a 1.0% increase from the 34.6% recorded during the third quarter of fiscal 2008. The full financial report may be obtained from the company’s website, http://www.toysrus.com/.
Toys “R” Us, Inc. is a retailer of toys, baby-juvenile products, electronic products and children’s apparel. The Company operates all of the “R” Us branded retail stores in the United States and Puerto Rico, as well as approximately 70% of the “R” Us branded retail stores. The balance of the “R” Us branded retail stores outside the United States are operated by franchisees and licensees. Toys "R" Us also sells merchandise through its Internet sites at www.toysrus.com and www.babiesrus.com in the United States, and through other Internet sites internationally. As of February 2, 2008, it operated 1,560 “R” Us branded retail stores in toy store; specialty baby-juvenile store; side-by-side store; and “R” superstore formats. Toys "R" Us has two reportable segments, Toys “R” Us – United States and Toys “R” Us – International, and Babies “R” Us (Babies). The Company’s products fall under learning, entertainment, core toy, and juvenile categories.
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