Toys R Us Delays Issuing Annual Report
From Associated Press
Toys R Us Inc., months away from being sold to a private consortium, announced that it was unable to file its annual report, due Thursday, because it had not finished calculating changes in how it accounts for leases.
The nation’s No. 2 toy seller after Wal-Mart Stores Inc. also said the report would probably reveal a weakness in its internal control over financial reporting.
Toys R Us shares fell 3 cents to $25.87 on the New York Stock Exchange.
