Spin Master (TOY) jumped 10% on its Q3 results, which were light on revenue but strong on margins - as the company adjusted to supply chain shocks from earlier in the year.

The top-line weakness was expected, given shipping changes that delayed revenue recognition - but with management signaling confidence in the future...

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Positively, our belief is that retailers are now at a lean inventory level. So the industry should have a relatively healthy setup going into 2026.

Jonathan Roiter (CFO) - Q3’25 call

… the bid could come back in a hurry.

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