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Playmates Toys ( (HK:0869) ) has provided an update.
Playmates Toys Limited announced a profit warning, indicating a decrease in revenue and profit before income tax for the year ending December 31, 2024, compared to the previous year. Contributing factors to this decline include lower shipment volumes of their Teenage Mutant Ninja Turtles line, increased price discounting by retailers, and higher marketing and administrative expenses. Despite these challenges, the company saw positive contributions from its Godzilla x Kong product line and gains in treasury investments and interest income.
More about Playmates Toys
Playmates Toys Limited is a company incorporated in Bermuda with a focus on the toy industry. The company is known for its production and distribution of toys, including popular lines such as Teenage Mutant Ninja Turtles and Godzilla x Kong.
YTD Price Performance: -7.50%
Average Trading Volume: 127,810
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $90.92M
Learn more about 0869 stock on TipRanks’ Stock Analysis page.