Spin Master shares fall day after reporting lower earnings GlobeBusiness
“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.
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.
Spin Master profit drops, hampered by closure of Toys 'R' Us in U.S.The Toronto-based toy and entertainment company says net income for the fourth quarter was US$11.4 million or 11 diluted cents per share
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 »
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 »
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 »
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 »
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 »
Mining stocks - how to find ones worth buyingIt’s time to scout for stocks that could rally and ‘make your head spin’
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 »
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 »