Hasbro’s Q3 Report Shows Transformers Are Still Doing Well Amid Company Wide Losses
Posted by william-james88
Oct 25, 2024 at 8:27pm CDT
51,453 views
View Discussion
Sign in
or
Join
to reply
While revenue for the company was down 15%, Transformers sales had a 5% increase. Of course its a far cry from the 87% they stated last year, thanks to the Rise of the Beasts toys, but it’s still growth in an overall market that is either stagnant or at loss. The other brands seeing growth are Furby, MLP and Play D’Oh, along with Beyblade which scored the highest growth (71%). We must remember though that unlike Transformers, Hasbro does not own Beyblade.
Nerf suffered losses along with their Star Wars line, which has been a gripe of Hasbro’s for years now, since they also have the license as a sunk cost.
You can read all the details here: https://investor.hasbro.com/static-file ... 3f667c4ecc
More Bots. More News. More Awesome.
Re: Hasbro’s Q3 Report Shows Transformers Are Still Doing Well Amid Company Wide Losses
(view post)
Comment by DeathReviews
Oct 25, 2024
Disney's bungling with the Star Wars franchise has spilled over into the toys made by Hasbro, sadly. How much did they sink into making merchandise for Acolyte, which nobody really liked?
Re: Hasbro’s Q3 Report Shows Transformers Are Still Doing Well Amid Company Wide Losses
(view post)
Comment by Dino-Snarl
Oct 25, 2024
Thank God! Don't screw it up Hasbro.
Re: Hasbro’s Q3 Report Shows Transformers Are Still Doing Well Amid Company Wide Losses
(view post)
Comment by Rodimus Prime
Oct 26, 2024
So...they blamed it partly on John Warden since he's part of management? I guess his contributions to boosting TF revenue only got him so far.
Re: Hasbro’s Q3 Report Shows Transformers Are Still Doing Well Amid Company Wide Losses
(view post)
No, there's no relation with John Warden. Well, there is in this way: while sales are down, profits are not and that's due to them laying off thousands of employees, including John.
Comment by william-james88
Oct 26, 2024
Rodimus Prime wrote:So...they blamed it partly on John Warden since he's part of management? I guess his contributions to boosting TF revenue only got him so far.
No, there's no relation with John Warden. Well, there is in this way: while sales are down, profits are not and that's due to them laying off thousands of employees, including John.
