Spin Master gets boost from Melissa & Doug deal, sees slow spending through 2024

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Spin Master gets boost from Melissa & Doug deal, sees slow spending through 2024
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Spin Master Corp. says it continues to face challenges from inflation, higher interest rates and a slowdown in consumer spending, including on toys, that it predicts will remain through least the end of the year.

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Spin Master loses US$54.8M in first quarter, Melissa & Doug acquisition boosts salesSpin Master loses US$54.8M in first quarter, Melissa & Doug acquisition boosts salesTORONTO — Spin Master Corp. says it lost US$54.8 million in the first quarter, compared with a loss of US$1.9 billion a year earlier. The toy and...
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Spin Master loses US$54.8M in first quarter, Melissa & Doug acquisition boosts salesSpin Master loses US$54.8M in first quarter, Melissa & Doug acquisition boosts salesTORONTO — Spin Master Corp. says it lost US$54.8 million in the first quarter, compared with a loss of US$1.9 million a year earlier. The toy and entertainment company says revenues totalled US$316.2 million, up from US$271.
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