Toy sales lift for Mega Brands in Q2

Higher product shipments in pre-school and boys construction sectors help boost firm.
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Mega Brands has reported solid growth across the business in its second quarter results for the period ending June 30th 2012.

Consolidated net sales in Q2 increased 13 per cent to $94.5 million, compared with $83.9 million in the corresponding 2011 period.

Toy sales grew 14 per cent, compared to the second quarter of 2011, driven by higher product shipments in the pre-school and boys construction categories.

Toy sales have increased year-over-year in ten of the last 11 quarters.

Sales of stationery and activities products, meanwhile, rose by ten per cent. This marks the fifth consecutive quarter of year-over-year growth in the sector.

Net earnings were $1.6 million compared to $0.3 million in the second quarter of 2011.

"Our second quarter results demonstrate solid growth in our business as we head into the peak selling period of the year," said Marc Bertrand, president and CEO. "The key metrics in our business are positive and we are well positioned for a strong finish to the year."

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