says it continues to face challenges as inflation and the high cost of living weigh on consumer discretionary spending on toys.
“We expect this environment will continue throughout 2024 as consumers manage through the impact of high interest rates and inflation,” he added.Spin Master, which is behind the popular brands Paw Patrol, Bakugan, Hatchimals and Rubik’s Cube, has a series of new releases lined up for the fall, Rangel said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spin Master loses US$54.8M in first quarter, Melissa & Doug acquisition boosts salesTORONTO — Spin Master Corp. says it continues to face challenges as inflation and the high cost of living weigh on consumer discretionary spending on toys.
Source: SooToday - 🏆 8. / 85 Read more »
Spin Master loses US$54.8M in first quarter, Melissa & Doug acquisition boosts salesTORONTO — Spin Master Corp. says it lost US$54.8 million in the first quarter, compared with a loss of US$1.9 million a year earlier. The toy and entertainment company says revenues totalled US$316.2 million, up from US$271.
Source: SooToday - 🏆 8. / 85 Read more »
Spin Master loses US$54.8M in first quarter, Melissa & Doug acquisition boosts salesSpin Master Corp. says it lost US$54.8 million in the first quarter, compared with a loss of US$1.9 billion a year earlier.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Spin Master loses US$54.8M in first quarter, Melissa & Doug acquisition boosts salesTORONTO — Spin Master Corp. says it lost US$54.8 million in the first quarter, compared with a loss of US$1.9 billion a year earlier. The toy and...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »