Spin Master sees revenue surge 31.7 per cent in Q3 2015 results - ToyNews

Spin Master sees revenue surge 31.7 per cent in Q3 2015 results

Star Wars and Paw Patrol have been credited a driving forces behind the revenue increase on last year's results for the same period.
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Spin Master has seen sales surge 31.7 per cent, taking its Q3 revenue to $386.8 million for 2015.

The firm has credited leading brands including Paw Patrol and Star Wars as well as the success of lines such as Meccanoid, Chubby Puppies and Little Charmers for the growth on last year’s Q3 results.

While the toy company did experience declines in sales across its Zoomer, Digi Bird, Flutterbye Fairy and How to Train Your Dragon, Spin Master reports a 25.4 per cent growth for its activities, games and puzzles and fun furniture segments.

Following the results, Spin Master has now outlined its key principal strategies to drive continued growth through innovation across its portfolio, developing evergreen global entertainment properties, increasing international sales in developed and emerging markets and eyeing new acquistitions.

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‘Our entertainment properties including PAW Patrol are resonating very well with children globally and the ongoing success of the Hatchimals line is a testament to our ability to innovate,’ says Spin Master’s Ronnen Harary.

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