Spin Master Q1 Earnings Call Highlights

2 hours ago 2

MarketBeat

Sat, May 2, 2026 astatine 6:07 PM CDT 8 min read

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Key Points

  • Revenue down 9% year-over-year successful Q1 owed to pugnacious prior-period bid timing, but results bushed interior expectations with operating currency travel rising to $103 million and nett leverage reduced to astir 0.9x aft utilizing astir $40 cardinal to wage down debt.

  • Toy sell-through and halfway brands improved—POS maturation successful March driven by products similar Primal Hatch, Monster Jam, Melissa & Doug and GUND—and amusement gross roseate 8% from caller content, with PAW Patrol (movie, artifact enactment and integer game) the company’s apical precedence for 2026.

  • Spin Master reiterated 2026 guidance for stable-to-low single-digit gross maturation and mid-to-upper single-digit adjusted EBITDA growth, portion flagging imaginable oil-linked input outgo vulnerability of astir $15 million if conditions persist, which absorption expects to mostly mitigate.

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Spin Master (TSE:TOY) opened 2026 with what absorption described arsenic results up of interior expectations, adjacent arsenic reported gross fell twelvemonth implicit twelvemonth owed to prior-period bid timing. On the company’s first-quarter league call, executives emphasized advancement successful artifact sell-through, marque initiatives astatine Melissa & Doug and Monster Jam, and plans to amended integer monetization successful the backmost fractional of the year, portion reiterating full-year guidance amid macro and geopolitical uncertainty.

First-quarter results: Revenue down connected pugnacious comparison, currency travel up

CFO Jonathan Roiter said consolidated gross decreased 9%, oregon $31 million, driven mostly by a hard examination to the archetypal 4th of 2025, erstwhile retailers pulled guardant orders. He said nonstop import orders accrued 75% successful Q1 2025 arsenic retailers sought inventory up of tariffs, boosting artifact gross that 4th by 21% and creating a “challenging comp.”

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Roiter said Q1 2026 gross and adjusted EBITDA came successful amended than the institution expected, helped by immoderate artifact orders pulled into the 4th owed to earlier Easter timing and by overseas speech benefits. Adjusted EBITDA declined by astir $4 million, with the gross diminution “partially offset by a simplification successful outgo of income and operating expenses,” helium said.

Roiter added that adjusted operating nonaccomplishment accrued by astir $18 million, driven by the little adjusted EBITDA and a $14 cardinal summation successful depreciation and amortization, “primarily related to an summation successful amusement amortization and outgo of income stemming from the transportation of caller content.”

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