Spin Master feels effect of Toys R Us liquidation as earnings take a hit

Published on: 7th March 2019

Company says it expects the retail disruption to continue into the first half of this year.

Spin Master has reported that net income for the fourth quarter was US$11.4m or 11 diluted cents per share, down from US$20m or 20 cents for the same quarter a year earlier. Adjusted net income for the quarter ending 31st December came in at US$6.1m, or six cents per share, compared with US$25.5m or 25 cents per share a year earlier.

Analysts had expected net income of US$14.9m or 18 cents per share, according to Thomson Reuters Eikon. Revenue for the quarter came in at US$414.3m, down from US$440.9m for the same quarter a year earlier.

The company says the absence of Toys R Us in the US market, and a later Easter, will particularly impact the first quarter this year.

It says it expects to see growth this year to come in part from proven licences, including Monster Jam and How to Train your Dragon, fresh content for Paw Patrol, and the roll-out of its new show Abby Hatcher.


Friday Blog

On a positive note…it’s the Friday Blog!

Rainbow High welcomes six new dolls

More new roles added to Toy World’s recruitment section

Zombie Kittens wins Best Variant award at UK Games Expo

Obituary: Bob Simpson

Consumers urged to ‘shop small’ for Independents’ Day Weekend

Mighty Jaxx showcases collectibles at Silverstone F1

The July issue of Toy World is out now

BTHA presents Golden Teddy Award to Tim Hall

Gabe Hicks appointed senior game designer at Steamforged Games