Mega Brands Q2 financial report sees growth in Toy segment - ToyNews

Mega Brands Q2 financial report sees growth in Toy segment

Consolidated net sales in the second quarter also increased 4 per cent to $98.1 million compared to 2012's $94.5 million
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Mega Brands has announced its financial results for Q2 2013 and the company has seen growth in sales for the toy segment of the company.

Sales for the Toys segment increased four per cent compared to the Q2 of 2012, a growth the firm attributes to higher product shipments in Preschool & Girls construction toys.

Sales for the Stationery & Activities segment were up also up three per cent, the ninth consecutive quarter of year-over-year growth.

Consolidated net sales in the second quarter increased four per cent to $98.1 million compared to $94.5 million registered in the corresponding 2012 period.

North American sales were up five per cent and earnings before interest, taxes, depreciation and amortization (EBITDA) increased to $9.8 million compared to $9.2 million in the Q2 of 2012.

For the six-month period ended June 30, 2013, consolidated net sales increased seven per cent to $162.6 million compared to $152.7 million in the same period last year. This saw nine per cent growth in Toys, three per cent in Stationery & Activities, eight per cent in North America and four per cent in International.

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