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SNMSF

Spin Master

$0.00 /

+ (+0.00%)

08:42
01/22/20
01/22
08:42
01/22/20
08:42

Spin Master sees FY19 gross product sales decline of about 1%

Spin Master announced yesterday that "the company expects to report a decrease of approximately 1% in Gross Product Sales for 2019 compared to 2018 and compared to a US toy industry decline of between -2% and -4%, according to various industry reports. Excluding the impact of foreign exchange, the company expects Gross Product Sales1 for 2019 to be approximately flat relative to 2018. Previous guidance on November 3, 2019 was for the Company to grow organic Gross Product Sales in the low single digit range relative to 2018. The decrease, relative to expectations from previous guidance, was primarily driven by a decline in Gross Product Sales in the US caused by industry-wide softness of toy sales during the shortened 2019 US holiday shopping season and operational performance challenges related to the consolidation of our new East Coast DC. Excluding sales of Hatchimals products, which declined over US$230 million year over year, Gross Product Sales for 2019 rose approximately 16% over 2018."

SNMSF Spin Master
$0.00 /

+ (+0.00%)

01/21/20 CIBC
Spin Master downgraded to Neutral from Outperformer at CIBC
04/09/19 DA Davidson
Spin Master initiated with a Buy at DA Davidson

TODAY'S FREE FLY STORIES

Downgrade
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Conference/Events
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Options
Sibanye Gold call volume above normal and directionally bullish » 14:25
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Technical Analysis
NASDAQ market internals summary » 14:17
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$NSD

NASDAQ Market Internals

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Technical Analysis
NYSE market internals summary » 14:16
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$NYE

NYSE Market Internals

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Periodicals
HSBC eyes UniCredit's Mustier as its next CEO, FT reports » 14:14
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Downgrade
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-5.25 (-6.23%)

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Options
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Earnings
Notable companies reporting before tomorrow's open » 14:04
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Notable companies…

Notable companies reporting before tomorrow's open, with earnings consensus, include Deere (DE), consensus $1.26... Cinemark (CNK), consensus 43c.

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Earnings
Notable companies reporting after market close » 14:03
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Downgrade
Adesto Technologies downgraded to Hold from Buy at Loop Capital » 14:01
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Recommendations
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Hot Stocks
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Downgrade
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Hot Stocks
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Periodicals
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Hot Stocks
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Upgrade
E-Trade upgraded to Equal Weight from Underweight at Barclays » 13:31
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Periodicals
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Recommendations
Ultimate/Kronos deal highlights demand for modernized HCM solutions, says Stifel » 13:26
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Options
Sea Limited call volume above normal and directionally bullish » 13:25
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Bullish option flow…

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General news
Treasury's $8 30-year TIPS auction was well bid » 13:25
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Treasury's $8…

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Conference/Events
Zymeworks participates in a conference call with JPMorgan » 13:25
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ZYME

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SMid Biotech Analyst Fye…

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