Check out the details on the 3rd quarter earnings report from Hasbro as posted on Variety.
Hasbro reported a % jump in third quarter revenue, Monday, with sales of “Transformers,” Marvel and “Star Wars”-related toys boosting earnings.
Overall, Hasbro generated $1.47 billion in revenue, up 7% over the same year-ago-frame, and net income of $180.5 million, compared with $126.6 million.
In its boys category, Hasbro saw sales surge 22% to $478.5 million. While a new animated series “Transformers: Robots in Disguise” won’t launch on Cartoon Network until next year from Hasbro Studios, “Transformers: Age of Extinction” was released by Paramount during Hasbro’s second quarter and crossed $1 billion at the worldwide box office helping boost interest in related toys. Toys based on Marvel’s “Captain America: The Winter Soldier” and “Guardians of the Galaxy” this summer were also popular, while Disney XD is introducing a new series, “Star Wars Rebels” this month, that includes a new line of playthings based on the long-running sci-fi franchise.
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