Spin Master profit drops, hampered by closure of Toys 'R' Us in U.S. GlobeBusiness
Adjusted net income for the quarter ending Dec. 31 came in at US$6.1 million, or six cents per share, compared with US$25.5 million or 25 cents per share a year earlier.Analysts had expected net income of US$14.9 million or 18 cents per share, according to Thomson Reuters Eikon.
Revenue for the quarter came in at US$414.3 million, down from US$440.9 million for the same quarter a year earlier. The company says the absence of Toys 'R’ Us in the U.S. market, and a later Easter, will particularly impact the first quarter this year. It says it expects to see growth this year to come in part from proven licences, including Monster Jam and How to Train your Dragon, fresh content for Paw Patrol, and the roll-out of its new show Abby Hatcher.
South Africa Latest News, South Africa 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
Read more »
Gerry Butts just showed Canadians his two greatest gifts—sincerity and spin - Macleans.caThe PM's former right hand voiced respect and affection for Jody Wilson-Raybould. Then he contradicted her.
Read more »
Matt Gurney: A brutally clear Philpott leaves no room for Liberal spin‘I have lost confidence in how the government has dealt with this matter and in how it has responded to the issues raised’
Read more »
Samuel Girard spins, fires, scores on Sharks - Sportsnet.caColorado Avalanche's Samuel Girard brings the game within one after pulling off a sweet spin-o-rama move to free himself up, he snipes it on the San Jose Sharks.
Read more »
Leafs GM Dubas calls Marchand’s tweet on Marner’s next contract ‘a master troll job’In a response to a tweet from the NHL’s public relations department, the Bruins forward speculated how many millions of dollars the average annual value of Marner’s new contract would be
Read more »
Mining stocks - how to find ones worth buyingIt’s time to scout for stocks that could rally and ‘make your head spin’
Read more »
Pairing wine with food? This Master of Wine says don’t do itMaster of Wine Tim Hanni says wine should be matched ‘to the diner, not the dinner’
Read more »
Uffizi: X-ray reveals hidden Artemisia Gentileschi paintingThe Uffizi Galleries in Florence say an X-ray examination of a painting by Artemisia Gentileschi has revealed hidden artwork by the Baroque master.
Read more »
'Lost Caravaggio' unveiled before US$170M auctionThe fully restored version of what some believe to be a long-lost masterpiece by Renaissance master Michelangelo Merisi da Caravaggio, worth an estimated US$170 million has been unveiled ahead of the painting's June 27 auction in Toulouse, France.
Read more »
Dubas responds to Marchand: Glad Leafs are on his mind in the morningMaple Leafs general manager Kyle Dubas responded to Brad Marchand tweeting about Mitch Marner's upcoming contract saying it was a master troll job and that he'll take the fact that Marchand woke up thinking about Toronto.
Read more »