Spin Master earns US$140.1 million in third quarter, revenue rises | Canada News Media
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Spin Master earns US$140.1 million in third quarter, revenue rises

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TORONTO – Spin Master Corp. says it earned US$140.1 million in its third quarter, down 15 per cent from a year earlier.

The toy company known for Paw Patrol and other popular brands says revenue totalled US$885.7 million, up from US$710.2 million during the same quarter last year.

Diluted earnings per share were US$1.32, down from $1.45 during the third quarter of 2023.

President and CEO Max Rangel says though the softer economic environment is still a challenge for Spin Master, the toy segment helped drive growth in the third quarter.

Toy revenue was up almost 35 per cent, while the company saw declines in revenue from entertainment and digital games.

Revenue growth year over year was helped by revenue from Melissa & Doug, a toy brand that Spin Master acquired early in 2024.

This report by The Canadian Press was first published Oct. 30, 2024.

Companies in this story: (TSX:TOY)

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Police charge off-duty Newfoundland RCMP officer with impaired driving

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ST. JOHN’S, N.L. – Police in Newfoundland and Labrador have charged an off-duty RCMP officer for allegedly driving while impaired, following a crash on Sunday.

In a news release, the Mounties say they were called to the scene of a single-vehicle crash at about 10:45 a.m. near Glovertown, in central Newfoundland.

The release says the 34-year-old officer had been driving the vehicle and failed a roadside breath test.

He was taken to the local RCMP detachment, where he allegedly provided breath samples that were above the legal blood alcohol limit.

Police say they charged him with impaired operation of a vehicle, suspended his driver’s licence and impounded his car.

His duty status with the force is under review.

This report by The Canadian Press was first published Oct. 29, 2024.

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Nova Scotia man charged with child pornography after sex doll seized at border

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DIGBY, N.S. – Nova Scotia RCMP have charged a 43-year-old man with child pornography offences after border agents seized a child sex doll from Japan.

Canada Border Services Agency officers in Hamilton, Ont., said Tuesday they seized a child sex doll addressed to a man living in Digby, N.S., after they examined international courier shipments arriving into Canada by air.

Border officials referred the case to the Nova Scotia RCMP internet child exploitation unit for further investigation.

The RCMP searched the Digby residence on Oct. 17 and seized sex dolls and other evidence allegedly supporting child pornography and smuggling charges.

Police then arrested the suspect, Joseph Ryan Jolicoeur, at the residence.

The 43-year-old has been charged with possession of child pornography, importation of child pornography, and smuggling child pornography into Canada.

He was released on conditions and is scheduled to appear in Digby provincial court on Jan. 6.

This report by The Canadian Press was first published Oct. 29, 2024.

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Tent should have entitled homeless man to higher welfare level, N.S. lawyer argues

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HALIFAX – The lawyer for a homeless man who died at a Halifax encampment is arguing in court today that his client’s welfare payments should have been as high as those received by people with permanent housing.

Vince Calderhead, a human rights lawyer, originally represented Lowe in an unsuccessful bid last Dec. 7 to have the man’s monthly payment from the Department of Community Services raised.

Lowe was living in a tent in a city park at the time and argued he should have been eligible for $950 monthly — the standard rate for people with disabilities living in a household — rather than the $380 for “essentials” paid to a person without a home.

The 30-year-old died on Dec. 15 at another tent encampment that he was visiting, and an appeal board dismissed his case four days later.

However, Calderhead is seeking a judicial review before the Nova Scotia Supreme Court on behalf of Lowe’s estate, arguing that Lowe’s tent was a form of “accommodation” under the legislation.

The lawyer says Lowe’s family continued with the case in order to recover retroactive payments, and in hopes a court victory could influence future decisions on income assistance available to homeless people.

The Affordable Housing Association of Nova Scotia estimated this month that there were almost 1,300 homeless people in Halifax.

This report by The Canadian Press was first published Oct. 30, 2024.

The Canadian Press. All rights reserved.



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