Let’s take a somewhat closer look at Hasbro’s earnings report from Monday! What does it actually mean that Star Wars sales grew by 70% (!!!) in 2020? How can Star Wars toy sales even grow so much? It sheds some light on how disappointing sequel trilogy toy sales figures must have been. And how much did HasLab contribute to the 2020 sales growth?
The earnings call was also quite revealing, because Hasbro CEO Brian Goldner (probably inadvertently) officially admits that kids don’t buy action figures! Click through for all the interesting details and a discussion!
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A few days ago Funko presented their Q2 earnings. And things are as expected, Funko’s revenue in Q2 declined by almost 49%. But Star Wars is still a top performer and even bucks the trend! Click through for some more details!
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Hasbro’s first-quarter earnings have been posted. It’s a mixed bag of interpretation, but one of the blames is placed on the Toys R Us liquidation. Click through to read the full story and CNBC. You can also click through here for a couple of bullet points made as well.
Update: more details and link to official Hasbro presentation added!
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