Spin Master Corp Shs Subord Voting
TOY: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| @b | LOCK|GM | LOCK|Rcp^z^> |
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.
