Lewis Galoob Toys Inc.: The South San...
- Share via
Lewis Galoob Toys Inc.: The South San Francisco, Calif.-based firm said it lost $17.1 million in the fourth quarter because of slumping sales. The loss contrasts with a $4.5-million profit in the same period a year earlier. Revenue totaled $21.5 million, down 63%. For the year, Galoob said it lost nearly $32.4 million, contrasted with earnings of $18.9 million in 1989. Annual revenue fell 44% to $126.9 million. Sales of the company’s biggest seller, Micro Machines miniature cars and trucks, fell sharply.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
