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KB Toys posts $5.93 million loss on $65.5 million of sales for September
By Jeff Pines
Washington, Nov. 2 - KB Toys Inc. posted a $5.93 million loss for the month ended Oct. 2 on sales of $65.5 million, according to a monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
The operating loss for the West Pittsfield, Mass.-based toy retailer was $8.18 million.
In August, KB Toys reported a $3.58 million loss on sales of $57.23 million with an operating loss of $4.36 million.
Since filing for bankruptcy on Jan. 14, 2004, KB Toys has lost $122.16 million on sales of $533.61 million. The operating loss during that time is $123.25 million.
Cash and cash equivalents on Oct. 2 were $9.88 million. On Aug. 28, cash and cash equivalents totaled $9.81 million.
KB Toys' Chapter 11 case number is 04-10120.
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