The toy maker says the business is feeling the impact of tariffs on buyer behaviour.Andrew Lahodynskyj/The Canadian Press
Spin Master Corp. TOY-T reported its third-quarter profit and revenue fell compared with a year ago as it said it faced an uncertain economic environment and a shift in retailer buying behaviour driven by the impact of tariffs.
The toy company, which keeps its books in U.S. dollars, said it earned US$106.8-million or US$1.03 per diluted share for the quarter ended Sept. 30.
The result compared with a profit of US$140.1 million or US$1.32 per diluted share in the same quarter last year.
Revenue totalled US$734.7 million for the quarter, down from US$885.7 million a year ago.
Toys revenue for the quarter amounted to US$650.4 million in the quarter, down from US$810.9 million a year ago, while entertainment revenue totalled US$32.8 million, down from US$37.1 million. Digital games revenue rose to US$51.5 million from US$37.7 million a year ago.
On an adjusted basis, Spin Master says it earned US$1.11 per diluted share in its latest quarter compared with an adjusted profit of US$1.60 per diluted share in the same quarter last year.