Spin Master Corp Shs Subord Voting

TOY: XTSE (CAN)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Spin Master Earnings: Distortion in Retail Order Flow Obscures Resilient Demand; Shares Undervalued

Spin Master's first-quarter sales decreased 8.6% to $328.5 million, reflecting difficult comparisons due to retailer orders that were pulled forward ahead of tariff implementation last year. Adjusted EBITDA contracted 80 basis points, to 5.2%, primarily due to decreased operating leverage.

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