NEWS

Hasbro posts Q2 results

Published on: 25th July 2017

Company has reported a 10.6% rise in quarterly revenue.

Revenues rose to $972.5m in the second quarter, while net profits climbed to $67.7m, or 53 cents a share, from $52.1m, or 41 cents a share.

Net income attributable to Hasbro was $67.72m, or 53 cents per share, in the second quarter ended 2nd July, compared with $52.11m, or 41 cents per share, a year earlier.

Sales from franchise brands, which make up Hasbro’s most important owned and controlled properties, surged 21% to $545.7m, powered by Transformers, Magic The Gathering, Nerf and Monopoly.

Results in partner brands saw sales rising 1% to $230m.

Brian Goldner, Hasbro’s chairman and chief executive officer, commented: “The Hasbro team executed another very strong quarter across the Brand Blueprint. Story-led brands and innovative brand initiatives drove double-digit revenue growth and an increase in operating profit margin.”

“Franchise Brand, Hasbro Gaming and Partner Brand revenues grew year-over-year, and revenue increased across all geographic regions. We entered the important second half of the year with strong consumer momentum, a robust and diverse entertainment slate and compelling new brand initiatives.”

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