We know the quarterly revenue will be $4,100,000 U.S compared to the $3,000,000 earnt for the same period last year. This will bring full year sales to $19,300,000 U.S or about
$24,500,000 AUD.
This quaters growth in the U.S is disappointing but we are gaining the most market share growth in the U.S as shown by Neilson data. As Bert alluded to recently this is typically our worst quater for the year and needing new toys launched is needed.
The return to Australia is clearly going very well but any management team could have done that due to its previous popularity. I'm still waiting on a major grocer or 7-eleven to stock us and am scratching my head on why management haven't been able to get this done considering the successful launch.
We need an update on Canada, new product launch into Walmart soon and Yo-Kai which are all supposed to launch this coming quater? Hard to see management pulling that off with their track record. An update would be nice on the duty free/airport space as we hired a former Hershey employee who was responsible for that sector.
Why can't we get a full roll out into the Target stores in the U.S? Same goes for Rite-aid and CVS?
Also, I think it's time we see some return with our large investment into staff. All we have so far is 3 downgrades in a row.
Let's hope that this is the last of the poor quaters and the coming year is much much better.
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