Toys R Us has reported on its second quarter ending August 1. Net earnings increased to $27m (£17m) compared with $13m (£8m) for the second quarter of last year.

However, net sales were down, declining 7.4% to $2.57bn (£1.57bn). Like-for-like net sales decreased 7.2% and 3.9% for its domestic and international markets respectively.

The majority of the decline in net sales was in the entertainment products category, specifically video game hardware and software, driven by industry-wide weakness of those areas.

Topics