Board games the standout star in Hasbro’s 4th earnings quarter

The toy firm’s Monopoly and Magic: The Gathering card recreation have been sturdy performers in the quarter, together with Dungeons and Dragons.

The vital vacation procuring season, coupled with quarantining amid the ongoing coronavirus pandemic, pushed board recreation gross sales up 21% at Hasbro in the fourth quarter.

The toy firm’s Monopoly and Magic: The Gathering card recreation have been sturdy performers in the quarter, together with Dungeons and Dragons. 

Total income climbed 4% to $1.72 billion, barely higher than the $1.7 billion that analysts polled by Zacks Investment Research was calling for.

Hasbro earned $105.2 million, or 76 cents per share, for the interval ended Dec. 27. That compares with $95.5 million, or 69 cents per share, a yr in the past.

Removing one-time positive factors and prices, earnings have been $1.27 per share. That handily topped the $1.14 per share Wall Street anticipated. 

For the yr, the Pawtucket, Rhode Island-based firm reported a revenue of $222.5 million, or $1.62 per share. Revenue totaled $5.47 billion.

Hasbro shares rose 3.3% earlier than the market open on Monday. 

Portions of this story have been generated by Automated Insights (http://automatedinsights.com/ap) utilizing information from Zacks Investment Research. Access a Zacks inventory report on HAS at https://www.zacks.com/ap/HAS

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