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TOYS 'R' US REPORTS RECORD SALES AND EARNINGS NET EARNINGS INCREASED 29 PERCENT

 PARAMUS, N.J., March 10 /PRNewswire/ -- Toys "R" Us, Inc., today announced record results for both its fourth quarter and 1992 year.
 For the 52 weeks ended Jan. 30, 1993, the Company reported net sales of $7.2 billion, a 17.1 percent increase over the $6.1 billion reported during the previous year. Net earnings increased 29 percent to $437.5 million from $339.5 million in 1991. Earnings per share were $1.47 compared to $1.15 a year ago.
 Charles Lazarus, chairman of the Board and chief executive officer, said, "We are pleased to report that the results of our 1992 year show a resumption of our strong growth pattern. We once again achieved record sales and earnings as well as significant market share gains. Since Toys "R" Us became a public company, we have reported 14 consecutive years of sales and earnings increases.
 "We were able to achieve these outstanding sales and earnings results and gain significant market share by having the best selection of merchandise, being stocked in depth, and by being competitive with our everyday low prices. Our success in improving sales productivity is underscored by the fact that we increased comparable store sales for USA toy stores by 10.6 percent in the fourth quarter and 6.9 percent for the year. The fourth quarter results are particularly impressive since it comes on top of strong increases of 7.3 percent in the fourth quarter of 1991.
 "Our inventory position has been well managed in all three divisions. The quality and mix of our inventories continues to be excellent.
 "We opened 43 toy stores in the United States in 1992. Internationally, 41 stores opened in Canada, France, Germany, Japan, Spain, the United Kingdom, Hong Kong and Singapore as well as our first stores in Austria. We also opened 23 Kids "R" Us stores including our entry into the Puerto Rico market.
 "We again intend to capitalize on our financial strength and aggressively expend our business. We are planning to open 95-100 new toy stores in the United States and internationally, including our first stores in Belgium, The Netherlands, Portugal, Switzerland and Australia. This will be the first year in the International Division's history that it plans to open more stores than in the United States. We also plan to open 10 new Kids "R" Us stores, 4 of which have opened since the beginning of our new year", Mr. Lazarus concluded.
 Toys "R" Us is the world's largest children's specialty retail chain and currently operates 540 toy stores in the United States, 167 international toy stores and 215 Kids "R" Us children's clothing stores (including 4 stores opened in 1993).
 TOYS "R" US, INC.
 Fourth Quarter Ended:
 1/30/93 2/1/92
 Net Sales $3,401,835,000 $2,860,702,000
 Earnings Before Taxes 534,996,000 415,204,000
 Net Earnings 339,716,000 261,582,000
 Earning Per Share 1.14 .88
 Average Shares Outstanding 298,266,000 296,425,000
 Year Ended:
 Net Sales $7,169,290,000 $6,124,209,000
 Earnings Before Taxes 689,024,000 538,929,000
 Net Earnings 437,524,000 339,529,000
 Earnings Per Share 1.47 1.15
 Average Shares Outstanding 297,718,000 296,139,000
 -0- 3/10/93
 /CONTACT: Michael Goldstein of Toys "R" Us, Inc., 201-599-6981; or Lawrence A. Rand of Kekst and Company, 212-593-2655, for Toys "R" Us, Inc./
 (TOY)


CO: Toys "R" Us, Inc. ST: New Jersey IN: HOU SU: ERN

LR -- NY012 -- 4821 03/10/93 09:06 EST
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Publication:PR Newswire
Date:Mar 10, 1993
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