An accounting charge sent Toys R Us ( TOY) to a first-quarter loss. Before the item, however, the toy seller reported a small profit on a 2.2% increase in quarterly sales. Paramus, N.J.,-based Toys R Us lost $7 million, or 3 cents a share, for the quarter ended May 3, compared with a loss of $4 million, or 2 cents per share, a year earlier. Analysts had been expecting a loss of 4 cents a share. The latest quarter included a 4-cent charge for the adoption of new accounting for vendor compensation. Sales were $2.17 billion, up from $2.10 billion last year. "Although the early part of the quarter was negatively impacted by the soft retail economy and the war, the tone of business improved as the quarter progressed," with the toy stores experiencing "a highly successful Easter selling season." The company also got lender commitments to renew a 364-day revolving credit facility for $200 million at the same terms. Together with an existing facility, the company said it has "significant excess liquidity." The company backed full-year guidance excluding the accounting charge of $1.15 a share.