Toys R Us Holdings, the holding company for the UK arm of the US-owned toy business, has revealed operating profit was up 9.3 per cent, from £29.97 million to £32.76 million, for the year to February 2.
Sales at Toys R Us also increased 7.8 per cent.
The retailer, backed by private equity group KKR, opened two stores during the period, taking its store count up to 73.
Profit after tax was£20.36 million, down from 2007’s£26.23 million. The figure was affected by property transactions.
Retail Knowledge Bank senior partner Robert Clark said: “The toy sector has had its problems, but Toys R Us has posted reasonable results, especially with the increase in its operating margin, which had begun to slip a bit. It seems to have regained the momentum it lost a few years back and, by the looks of it, gained market share from its competitors.”
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