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Home > Fortune 500 Companies > Toys R Us
Toys R Us
Toys R Us is a publicly traded company having a good stock performance result. Toys R Us is a fortune 500 stock listed company trading under TOY.
In 1948, at the young age of 25, Charles Lazarus started a business totally dedicated to kids and their needs just in time for the post-war baby boom era. Charles had no idea that his first baby furniture store in Washington D.C., would evolve into an 11 billion dollar business with approximately 1,500 stores worldwide. Today, the company operates 6 divisions; Toys R Us U.S., Toys1 R Us International, Kids R Us, Babies R Us, Imaginarium and Toysrus.com.
The company family of brands offers a broad assortment of toys, games, sporting goods, electronics, software, baby products, children's apparel and juvenile furniture. The company today announced results for its first quarter ended April 30, 2005. Total net sales were 2.132 billion dollars for the first quarter, up 3.6 percent from 2.058 billion dollars for the first quarter of 2004. Total net sales for the first quarter 2005 include 25 million dollars due to the impact of currency translation, while net sales in the 2004 first quarter included 27 million dollars from the now closed Kids ‘R’ ‘Us’ business.
In the U.S. Toy Store division, comparable store sales decreased 0.7 percent for the first quarter of 2005. Sales of video merchandise increased 14 percent; however, sluggish sales in the seasonal and juvenile products contributed to the overall sales decline. Operating loss for the first quarter was million versus a loss of million in 2004. A decline in net margins, due primarily to the increase in sales of lower margin video products, more than offset the overall expense savings that were achieved.
In the International division, comparable toy store sales in local currencies increased 4.2 percent during the first quarter. Total net sales were 463 million dollars this year, up from 416 million dollars last year, an 11.3 percent increase. Excluding the impact of currency translation, total net sales in the International division increased 5.3 percent to 438 million dollars.
The company is strongly focused on strengthening the quality shopping experience for customers in its U.S. toy stores by providing exciting merchandise, greater service capability and overall guest delight. The company has approximately 587 U.S. locations, Toys "R" Us is a favorite destination for kids and grown-ups alike.
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