Spin Master sees 'positive' back half of year for toy market after posting Q2 loss

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 54 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 63%

Spin Master Corp. أخبار

Max Rangel,Dreamworks Dragons,Paw Patrol

TORONTO — Spin Master Corp.'s chief executive is optimistic the year will end on a high note for the toy market, despite shoppers sticking with their deal...

TORONTO — Spin Master Corp.'s chief executive is optimistic the year will end on a high note for the toy market, despite shoppers sticking with their deal-hunting behaviours.

In the fall, Rangel expects products from Ms. Rachel, a social media personality who created the children's music series "Songs for Littles," to perform well.He also sees strength coming from new theatrical-based toy lines under the Superman, Dragons and Gabby's Dollhouse brands. Over the same period, the Toronto-based company's toy revenues tumbled to US$340.9 million compared with US$346.3 million a year earlier.

The entertainment portion of its business, however, saw gains. It brought in US$36.4 million in revenue compared with US$33.9 million a year prior. Melissa & Doug, a brand Spin Master bought in 2023 that is focused on wooden toys and make-believe playthings, is set to launch a construction toy line called Blockables in the fall.

Chief financial officer Mark Segal, who announced Tuesday that he will retire in the first half of 2025, also spoke positively of upcoming quarters, saying there is a "large amount" of fresh content on its way, including some from "Toca Life World."

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 47. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Spin Master sees ‘positive’ back half of year for toy market after posting quarterly lossMax Rangel says his hypothesis is based on promising developments he foresees across several of the brands Spin Master is behind or licenses
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »

Spin Master sees 'positive' back half of year for toy market after posting Q2 lossTORONTO — Spin Master Corp.'s chief executive expects the back half of the year to be 'positive' for the toy category, even as consumers continue to rein in their spending.
مصدر: SooToday - 🏆 8. / 85 اقرأ أكثر »

Argos and TFC president leaves MLSE ‘by mutual agreement’ as Pelley begins to put his stamp on companyToronto FC and Toronto Argonauts president Bill Manning parts ways with MLSE
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »