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Spin Master Reports Q2 2021 Financial Results
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Spin Master Reports Q2 2021 Financial Results
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Strong global preschool sales and outdoor toys drive Q1 success for Spin Master – ToyNews
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Spin Master has lauded a ‘strong financial and operating performance’ in its Q1 2021 results, with product sales increases across key markets, including Europe, North America, and Rest of the World.
Sales grew by 21.2 per cent in Europe and 18 per cent in North America, while the Rest of World segment witnessed an impressive 44.6 per cent sales increase. Spin Master has cited higher sales in its preschool and girls, and outdoor categories as the key driver behind the growth.
Total Q1 2021 revenue for the firm hit $316.6 million.
“Our performance this quarter clearly demonstrates our commitment to creating exceptional play experiences and engaging children’s entertainment through our three creative centres comprising toys, entertainment and digital games,” said Ronnen Harary, Spin Master’s co-founder.
Spin Master Reports Q1 2021 Financial Results
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Strong Revenue Growth Across all Creative Centres and Continued Operational Improvements Drive Record Profitability Growth in Q1
Spin Master Increases 2021 Outlook
TORONTO, May 5, 2021 /PRNewswire/ - Spin Master Corp. ( Spin Master or the Company ) (TSX: TOY); www.spinmaster.com), a leading global children s entertainment company, today announced its financial results for the three months ended March 31, 2021. The Company s full Management s Discussion and Analysis ( MD&A ) for the three months ended March 31, 2021 is available under the Company s profile on SEDAR (www.sedar.com) and posted on the Company s web site at www.spinmaster.com/financial-info.php.