Hasbro scores as parents spend more on toys for their children
Revenue from gaming unit rose 21% in the quarter, while franchise brands rose 7%
08 February 2021 - 16:18
Bengaluru — Demand for Hasbro toys linked to Star Wars and The Mandalorian helped it beat fourth-quarter revenue and profit estimates on Monday as families turned to games during the pandemic-hit holiday season.
Shares rose 4% in premarket trading after the toymaker also reported a 43% jump in annual online revenue to over $1bn. ..
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