E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/28/2005 in the Prospect News Distressed Debt Daily.

KB Toys posts $6.92 million May operating loss

By Caroline Salls

Pittsburgh, June 28 - KB Toys, Inc. reported a $6.92 million operating loss on sales of $33.39 million, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

In April, the company posted a $9.46 million operating loss on sales of $31.98 million.

The net loss for May was $4.92 million, down from a $6.32 million net loss in April.

Cash and cash equivalents on May 31 were $26.09 million, compared to $29.92 million at the end of April.

The Pittsfield, Mass.-based toy retailer filed for bankruptcy on Jan. 14, 2004. Its Chapter 11 case number is 04-10120.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.