Spin Master reports US$54.8-million first-quarter loss; Melissa & Doug acquisition boosts sales

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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, president and CEO Max Rangel said

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.

 

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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.
مصدر: SooToday - 🏆 8. / 85 اقرأ أكثر »

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.
مصدر: SooToday - 🏆 8. / 85 اقرأ أكثر »

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.
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »

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...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »