Spin Master shares fall day after reporting lower earnings

“I think we’re all very shocked and disappointed with how long it’s taking for the industry to normalize itself,” chief operating officer Benoit Gadbois told a conference call with financial analysts Thursday.Spin Master shares were down $3.24 at $39.29 on the Toronto Stock Exchange in early afternoon trading.

It said the U.S. toy industry overall was down about seven per cent in the fourth quarter from a year earlier and two per cent for the year. The company said it is focused on expanding into markets overseas including Russia and China, while markets such as Mexico and Germany are increasingly important.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gap plans to spin off Old Navy into separate company; shares jump 18 per centOld Navy has had a better success than the Gap brand in recent years as a wide range of budget apparel has made it more appealing to a broader base of consumers
Source: globeandmail - 🏆 5. / 92 Read more »

Mining stocks - how to find ones worth buyingIt’s time to scout for stocks that could rally and ‘make your head spin’
Source: globeandmail - 🏆 5. / 92 Read more »