Hasbro Had A Great Spring, But Headwinds Could Hurt Holiday Sales
Hasbro wowed Wall Street with its second quarter results, but it faces holiday challenges that could make the toy game a lot tougher.
Hasbro shares rose by more than 6% in pre-market trading in advance of the earnings release. The stock was up over 10% after the market opened, trading at 52-week high levels, with shares at $103 mid-morning.Hasbro is reaping the rewards of a restructuring designed to better leverage its entertainment division to drive profits, and sales of toys related to entertainment properties.
It is also benefiting from a spike in sales across the entire industry. Research firm The NPD Groupreportsthat U.S. toy sales jumped 27% during the first four months of this year.One of the biggest winners for Hasbro during the quarter was its Wizards of the Coast and Digital Gaming division, which saw revenues more than double, to $406 million, driven by the Magic: The Gathering, and Dungeons and Dragons properties. Demand for Magic: The Gathering products was at record levels during the quarter, Goldner said.
Goldner and Thomas told investors that Hasbro has established price increases that are set to take effect during the third quarter and will address the expected production and shipping cost increases. They would not specify what the average price increase for their toys and games would be, but in response to an analyst’s question said that it would be less than 10%. headtopics.com
Goldner and Thomas said Hasbro’s size and industry clout will help it navigate the shipping and supply chain challenges of the second half of the year. Hasbro, they said, has lined up additional freight operators, is sourcing from more countries, and is working with retailers to get inventory stocked well in advance of the holiday rush.Read more: Forbes »
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Hasbro Had A Great Spring, But Headwinds Could Hurt Holiday Sales Hasbro wowed Wall Street with its second quarter results, but it faces holiday challenges that could make the toy game a lot tougher.
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Toymaker Hasbro revenue beats as TV, film business rebounds Hasbro beat quarterly revenue estimates on Monday as its film and television production business returned to growth after being largely shut down last year. I managed to get my students start up capital of $900 and traded it and I got $2400 within 70 hours of trading in a week. Trade today and stand a chance of winning big I always make profit from the market irrespective of that. Send an inbox to +1(386) 259-0446 Let's activate Maybe now they can afford to bring back the 'Classic Edition' of Monopoly. It is sold as such by Amazon, Walmart, etc., but what you get is the '1980s Edition.' Just told in a Hasbro live chat that I shld try eBay. Fingers crossed Hasbro amazon walmart nomorebaitandswitch
Hasbro ramps up toy supply for holiday season to beat shipping delays Hasbro Inc (HAS.O) is trying to get around the supply chain bottlenecks set off by the pandemic to deliver toys and boardgames for the holiday season by expanding its shipping operations and advancing its sourcing of products.