An announcement from Toys ‘R’ Us Anz Limited ( (AU:TOY) ) is now available.
Toys“R”Us ANZ Limited reported a significant increase in sales and product margins for the quarter ending January 2025, with sales up by $1.4 million compared to the previous quarter. The company received a $2.7 million refund from a lease bond, which was reinvested into inventory for core brands, and established a strategic partnership with Directed Electronics Australia to enhance product development and marketing. These initiatives, along with management changes, are part of the company’s ongoing transformation strategy aimed at long-term success.
More about Toys ‘R’ Us Anz Limited
Toys“R”Us ANZ Limited is an Australian-based company listed on the ASX under the ticker TOY. It operates a ‘House of Brands’ strategy through its e-commerce platforms including Toys“R”Us, Babies“R”Us, RIOT Art and Craft, and Hobby Warehouse. The company aims to accompany every child on a lifetime journey, having rebranded from Funtastic Limited to its current name in June 2021.
YTD Price Performance: -31.67%
Average Trading Volume: 105,222
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$6.2M
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