Spin Master Corp Shs Subord Voting

TOY: XTSE (CAN)
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Spin Master Earnings: Retailer Caution Hurts Near-Term Orders, but Spending Protects Brand Awareness

Spin Master's revenue fell 3% to $401 million in the second quarter, as declines of 5.5% in toy and 12% in entertainment sales were partly offset by a 33% rise in digital. Higher costs (sales allowances, marketing, and selling) compressed the adjusted EBITDA margin by 580 basis points to 7.2%.

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