Spin Master (TOY) fell 7% after management caution at a CIBC conference, with the new CFO highlighting tariffs are pushing revenue out due to changes in shipping…

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When we look at Q3, I think that the shift in DOM is a little bit bigger than we initially expected… When we look further out into Q4, there is a possibility that some of that revenue ultimately gets recognized in Q1.

Jonathan Roiter (CFO) - CIBC Conference

… prompting some downward estimates revisions from analysts. It’s been a challenging year for the company, with the disruption in trade pressuring margins and returns…

… but the delay in revenue recognition is logistics-related, not demand. Should sales catch up as anticipated, the market could warm up to TOY again - with lots of upside if they can deliver.

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