Spin Master Corp Shs Subord Voting
TOY: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| ^^ | LOCK|?J# | LOCK|@<#GB? |
Spin Master Earnings: Reiterated Full-Year Outlook Leaves Investors Uncertain; Shares Undervalued
Spin Master posted second-quarter sales growth of 9% to $436 million, reflecting a 12% increase in toy revenue to $361 million (83% of sales). Adjusted EBITDA expanded 460 basis points to 11.8%, primarily due to operating leverage, favorable mix, and a lower sales allowance ratio.
