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TRENTON, N.J. (AP) - Children's retailer Toys "R" Us Inc. filed a delayed 2006 annual report Tuesday, restating net income to reflect an additional $24 million because of a new Securities and Exchange Commission rule.
The Wayne, N.J.,-based company, the country's second-largest toy seller, on April 26 publicly reported its financial results for the fourth quarter and fiscal year of 2006. Eight days later, it said it would delay filing its official annual report with the SEC due to an issue of income tax accounting.
On Tuesday, the privately held company said it revised net income for fiscal 2006, which ended on Feb. 3, from $85 million to $105 million. It revised fourth-quarter net income from its previously stated $199 million to $224 million.
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