TORONTO — Spin Master Corp. says it earned US$28 million in the second quarter, down from US$88.1 million a year earlier. The Toronto-based toy and entertainment company says revenue was US$420.7 million, down from US$506.3 million during the same quarter last year. Sales for toy products declined due to lower order volume, as Spin Master says customers reduced retail inventory levels. This report by The Canadian Press was first published August 2, 2023. Companies in this story: (TSX:TOY)The Canadian Press

Source: Libya Today August 02, 2023 22:41 UTC