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Toys ‘R’ Us reports 43.1% increase in net earnings

Wayne, New Jersey-based Toys 'R' Us has reported that its net earnings for 2009 were up 43.1% over the previous year, buoyed by a strong Q4.
March 25, 2010

Wayne, New Jersey-based Toys ‘R’ Us has reported that its net earnings for 2009 were up 43.1% over the previous year, buoyed by a strong Q4.

According to SEC filings, the toy retailer’s net earnings totalled US$312 million in 2009, compared to US$218 million in 2008. The retailer reported that total net sales for the year were down slightly, at $13.568 billion compared to $13.724 billion in 2008, however, improved gross margins and tighter expense-control boosted net earnings.

The company’s Q4 profits rose by 12%, earning US$387 million for the quarter ended January 30th, up from US$345 million from last year. Net sales for the quarter increased 7.3% to US$5.857 billion from US$5.461 billion for the fourth quarter of fiscal 2008.

The retailer operates 1,550 stores (including Babies ‘R’ Us locations and FAO Schwartz flagship store in Manhattan) around the globe.

About The Author
Gary Rusak is a freelance writer based in Toronto. He has covered the kids entertainment industry for the last decade with a special interest in licensing, retail and consumer products. You can reach him at garyrusak@gmail.com

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