Toy Fair 2017


C2C Studios

Toys “R” Us Reports Second Quarter Results, Announces Seasonal Hiring

ToysRUsLogo copyThis past Tuesday, Toys “R” Us Inc. reported financial results for the second quarter ended August 1. For the quarter, Adjusted EBITDA was $122 million, compared to $83 million in the prior year period. In addition, domestic operating performance improved significantly as domestic gross margin rate remained strong. Internationally, the company continued its positive comparable store net sales trend with particular strength in Canada, Central Europe, China, and Southeast Asia.

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LeapFrog Receives Continued Listing Standard Notice from NYSE

Jan27.LeapFrogOn September 4, LeapFrog Enterprises Inc. received a continued listing standards notice from the New York Stock Exchange (NYSE), due to the average closing price of the company’s common stock having fallen below $1 over a consecutive 30 trading-day period. The notice has no immediate impact on the listing of LeapFrog’s common stock, which will continue to trade on the NYSE, subject to the company’s compliance with other listing standards.

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Lego Sees Strong Growth, with Huge Boost from The Lego Movie

LEGO_LogoFirst reported by the Associated Press, first-half sales for Lego were 14.1 billion kroner, or roughly $2.2 billion, up from 11.6 billion kroner one year earlier. Net profit during the same period was up 30 percent to 3.6 billion kroner, or $543 million.

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Spin Master Exercises Over-Allotment Option for Total IPO Proceeds of C$253 Million

spin masterToday, Spin Master Corp. announced that in connection with its recently completed initial public offering (IPO) of 12,225,000 subordinate voting shares at a price of C$18.00 per share, the over-allotment option granted to the underwriters to purchase up to an additional 1,833,750 subordinate voting shares was exercised in full, generating additional gross proceeds to Spin Master of C$33,007,500.

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Spin Master Reports Second Quarter Financial Results

spin masterSpin Master Corp. has announced its financial results for the second quarter and six months ended June 30. Subsequent to the end of the second quarter, the company completed its initial public offering of approximately 12.2 million subordinate voting shares for total gross proceeds of approximately C$220 million. The comparative financial results reflect Spin Master as a private company, prepared to conform to the company’s go-forward financial reporting standards as a public company.

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The Walt Disney Company Reports Third Quarter and Nine Months Earnings

TheWaltDisneyCompanyLogoOn Tuesday, the Walt Disney Company reported record quarterly earnings of $2.5 billion for its third fiscal quarter ended June 27, compared to $2.2 billion during the prior-year quarter. Diluted earnings per share (EPS) for the third quarter increased 13 percent to $1.45 from $1.28 in the prior-year quarter. EPS for the nine months ended June 27 increased 16 percent to $3.95 from $3.40 in the prior-year period, while excluding certain items affecting comparability, EPS for the nine months increased 15 percent.

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LeapFrog Reports First Quarter Fiscal Year Financial Results

Jan27.LeapFrogOn Tuesday, LeapFrog Enterprises Inc. announced its financial results for the first quarter of fiscal year 2016. The company’s fiscal year covers the twelve-month period ending March 31 of next year.

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Activision Blizzard Sees Better-Than-Expected Second Quarter Financial Results

On Tuesday, Activision Blizzard Inc. announced better-than-expected financial results for the second quarter. For the quarter ended June 30, Activision Blizzard’s GAAP net revenues were $1.04 billion, as compared with $970 million for the second quarter of last year. On a non-GAAP basis, the company’s net revenues were $759 million, as compared with $658 million for the second quarter of last year.

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CDPQ Invests in Wooky Entertainment Inc.

Wooky Entertainment LogoCaisse de dépôt et placement du Québec (CDPQ) has invested $6 million in Wooky Entertainment Inc., a Montreal company specializing in the creation of games and toys intended mainly for the preteen market. The investment is part of CDPQ’s strategy of supporting promising Quebec companies in their growth and international expansions.

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Spin Master Completes C$220 Million Initial Public Offering

spin masterThis past Thursday, Spin Master Corp. completed its public offering of 12,225,000 subordinate voting shares at a price of C$18.00 per subordinate voting share. The offering raised total gross proceeds of C$220,050,000. The subordinate voting shares will commence trading today on the Toronto Stock Exchange under the symbol TOY.

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