First quarter revenue for Hasbro was up far beyond analysts expectations as they posted revenue of a billion, down 14% on last years figure but well ahead of analysts estimates of $878.4m.
US toy companies have been experiencing a short-term slowdown in demand, with retailers cutting back orders to tighten their inventories after a soft festive season. These trading conditions impacted demand for Hasbro’s leading toy ranges in the first quarter, resulting in a 23% drop in revenue at its consumer products segment, the company’s largest business unit.
However, Hasbro saw strong fan engagement in its Wizards of the Coast and Digital Gaming segment, with revenue from its Magic: The Gathering tabletop and digital game increasing by 16%, while demand for its Dungeons & Dragons role-playing game was also healthy.
- Hardcover Book
- Córdova, Zoraida (Author)
- English (Publication Language)
- 352 Pages - 09/05/2023 (Publication Date) - Random House/Star Wars (Publisher)
