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KB Toys posts $577,729 operating profit for Dec. 11 through Jan. 31
By Jennifer Lanning Drey
Portland, Ore., Feb. 23 - KB Toys, Inc. posted a $577,729 operating profit for the period of Dec. 11 to Jan. 31 on net sales of $112 million, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.
Net income for the period was $913,270.
The company had cash and cash equivalents of $19.13 million at Jan. 31, compared with $5.32 million when it filed for bankruptcy on Dec. 11.
KB Toys, a Pittsfield, Mass., mall-based toy retailer, filed for bankruptcy on Dec. 11. Its Chapter 11 case number is 08-13269.
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