TSX:TOYLeisure
Spin Master Weighs Toy Setbacks Against Growing Digital Games And IP
Spin Master (TSX:TOY) has recorded major non cash impairment charges tied largely to its Melissa & Doug brand, contributing to a sizeable net loss.
The company is contending with a weak U.S. toy market and tariffs, which have weighed on recent results.
Management is putting more focus on digital games and new toy launches, including an expansion of its award winning Primal Hatch brand.
Spin Master enters this period with its share price at CA$18.47 and a 1 year return of 29.1% decline,...