Hasbro beat Wall Street analysts expectations, posting fourth-quarter revenue of $1.72 billion, up 4% from the year-earlier quarter.Adjusting for items, earnings reached $1.27 a share, ahead of analysts’ consensus expectation for $1.14.Gaming as a category posted a 27% rise in revenue to $561.2 million as the company continued to cope with the effects of the coronavirus.
While the pandemic has decimated retail sales, it has also spurred a rise in stay-at-home activities like game playing and streaming, both areas of strength for Hasbro.
Its stable of gaming brands includes Magic: The Gathering and Monopoly. An expanded line of games and toys related to eOne franchises Peppa Pig and PJ Masks is due out later in 2021.Results reflect pro forma
Read more on deadline.com
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