Wednesday to Sunday!
31 Jan – 4 Feb 2018
The Toronto-based toy and entertainment company reported a 10.9% sales decrease in Q2 alongside a 12.4% decline in overall revenue versus the same period last year. Sales in North America increased slightly, while sales in Europe dropped 21.6% and the rest of the world had a whopping 42.4% decline. Bright spots include a 19.2% sales increase across activities, games and puzzles, and plush, and a 9.1% sales increase for outdoor toys. Gross product sales for the first half of the year were down 5.9%.
Spin Master says that sales declines in PAW Patrol, Twisty Pets, DreamWorks Dragons, Bakugan, and Hatchimals have been offset by growth in other lines, including DC Comics-licensed products, Tech Deck, Monster Jam R/C, Kinetic Sand, and its games and puzzles portfolio.
Spin Master has a fresh product lineup waiting in the wings for fall that should benefit from the increased traffic at POS that retailers and other toymakers are reporting.