Toys "R" Us sales increased

Toys "R" Us, Inc. (NYSE: TOY) announced today results for its second quarter and six months ended August 3, 2008.
Total sales increased 2% in U.S. dollars for both the second quarter and the first six months of 2008,compared with the same periods in 2007. Excluding the impact of currency translation, total sales increased 1% for the second quarter and 2% for the first six months of 2007.

The company reported a net loss of $(17) million, or $(0.08) per share, for the second quarter of 2008, compared with a net loss of $(29) million, or $(0.15) per share for the second quarter of 2007. The company reported a net loss of $(21) million, or $(0.10) per share, for the first six months of 2008, compared with net loss of $(47) million, or $(0.24) per share for the first six months of 2001. (All per share figures refer to diluted per share amounts.)

"We are pleased to report that operating results improved in every division of our company during the second quarter. The strong progress our divisions made in improving operating earnings and controlling inventories during the quarter reflects the success of the efforts being made across Toys "R" Us to best position our business within the current challenging retail climate. These efforts will also help to ensure that our stores and operations are in ideal shape as we enter the all-important holiday selling season," said John Eyler, Chairman and Chief Executive Officer.