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US Tariffs Force Spin Master to Restructure, Withdraw Financial Guidance
Spin Master Corp. withdrew its financial guidance due to US tariffs on Chinese goods, reporting a US$24.5 million first-quarter loss despite a revenue increase to US$359.3 million; the company plans to diversify production to mitigate the impact.
US Tariffs Force Spin Master to Restructure, Withdraw Financial Guidance
Spin Master Corp. withdrew its financial guidance due to US tariffs on Chinese goods, reporting a US$24.5 million first-quarter loss despite a revenue increase to US$359.3 million; the company plans to diversify production to mitigate the impact.
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