![]() “Despite the solid performance of several of our brands and franchises, we were unable to fully offset the year-over-year decline in Hatchimals sales.” In a statement, Spin Master chair and co-CEO Ronnen Harary said the company’s overall performance in fiscal 2019 was disappointing. ![]() The Hatchimals brand also contributed to declines in Q3, Q2 and Q1 2019. The Canadian toy and entertainment company’s net income for the year dropped 58% to US$64.3 million, and gross product sales declined 1% to US$1.69 billion. Spin Master saw revenue drop 3% to US$1.58 billion in fiscal 2019, with sales for its remote control and interactive characters segment falling 40% to US$299.3 million due to weakness in Hatchimals.
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