Hasbro’s Q3 Report Shows Transformers Are Still Doing Well Amid Company Wide Losses
Friday, October 25th, 2024 8:27PM CDT
Category: Toy NewsPosted by: william-james88 Views: 46,161
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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
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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.