Toys R Us Inc. reported late Wednesday that its profit grew 12 percent in its fiscal fourth quarter, according to Associated Press.
The retailer said it earned $387 million for the quarter that ended Jan. 30, compared to $345 million a year earlier.
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Its revenue grew more than 7 percent to $5.9 billion.
Sales at stores open at least a year rose 3.3 percent in the U.S. and 0.1 abroad. For the full year, the figure fell 3 percent in the U.S. and 2.8 abroad.
For the full year, its profit grew 43 percent to $312 million. Revenue fell to $13.57 billion, compared to $13.72 billion the prior year.
During the year, the company, which operates more than 1,550 Toys R Us and Babies R Us stores in 33 countries and the FAO Schwartz store in Manhattan, opened seven new "R" superstores. The stores are as big as a full-size toy store and a full-size baby store combined. There are now 26 across the country.
The privately held company also has a total of 64 converted side-by-side stores in the United States and plans to convert more this year.
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