This 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.
On 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.
Today, 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.
Spin 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.
On 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.
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.
Caisse 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.
This 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.