Spin Master Corp Shs Subord Voting
TOY: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| &D | LOCK|<& | LOCK|&^X^n<b |
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%.
