US: TRU slumps ahead of flotation

First quarter losses for Toys R Us increased, ahead of its planned flotation.
Publish date:

The firm reported wider quarterly losses to $55 million in the fiscal first quarter, from $35 million in the year-earlier period. Earlier this year it confirmed plans for an $800m public offering.

Sales rose 5.3 per cent to $2.61 billion, while total operating costs rose by approximately 8.2 per cent.

While same-store sales rose by 1.9 per cent domestically, international sales fell 1.4 per cent.

The company attributed the lacklustre performance of its international sales to weak demand for products like video game hardware and software and seasonal categories.


Featured Jobs

Copyrights Group

Marketing Manager

The Copyrights Group is one of the licensing arms within The Vivendi Group. Acquired by Vivendi in 2016 Copyrights manages the licensing for a portfolio of properties to include Paddington Bear. Some of the other companies within the Vivendi Group include Universal Music Group, and their licensing arm Bravado, Gameloft and Studiocanal to name a few.