We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: While Hasbro’s Toys Were Stuck In Transit, Entertainment Properties Saved The Day
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
While Hasbro’s Toys Were Stuck In Transit, Entertainment Properties Saved The Day
The Tycoon Herald > Business > While Hasbro’s Toys Were Stuck In Transit, Entertainment Properties Saved The Day
Business

While Hasbro’s Toys Were Stuck In Transit, Entertainment Properties Saved The Day

Tycoon Herald
By Tycoon Herald 5 Min Read
Share
SHARE

The Hasbro toy company’s Media Studios in Burbank, California. The toy manufacturer’s entertainment … [+] properties were key revenue drivers during the third quarter. (Photo by AaronP/Bauer-Griffin/GC Images)

GC Images

The snarled supply chain cost toymaker Hasbro $100 million in unfilled orders during the third quarter, but the company still was able to increase revenues by 11%, thanks to the strength of its entertainment division.

The third-quarter results are a testament to the wisdom of late CEO Brian Goldner’s diversification strategy. Goldner, who died Oct. 11 after a long battle with cancer, outlined a blueprint for the company designed to transform it from a toy manufacturer to a fully-integrated entertainment, gaming, and consumer products company.

The third quarter results, reported today, with entertainment revenues up 76%, provided the best indication yet that Goldner engineered a winning strategy for the company.

Hasbro detailed how it is leveraging entertainment properties like Transformers, PJ Masks, and Peppa Pig to directly boost store sales, and how it is turning toy brands like My Little Pony into entertainment properties.

“This is the beginning of the blueprint proving itself out in the world,” said Richard Stoddart, the Hasbro board member who is serving as interim CEO.

Investors apparently agree. The stock jumped more than 5% in pre-market trading after the earnings release, and remained up more than 5% during the first hour after the market opened.

Hasbro beat analysts estimates for earnings, matched revenue estimates, and said it expects full year revenue growth of between 13 to 16%.

Hasbro said it has the toy orders to meet or exceed the high end of that range, but that supply chain issues could depress sales in the fourth quarter.

MORE FOR YOU

Goldner, who continued to lead the company up until days before his death, was very much a presence on Hasbro’s earning conference call, with every analyst offering condolences and admiration for the deceased CEO before questioning executives about the financial results and succession plans.

Stoddart was named interim CEO on Oct. 10, when Hasbro announced Goldner was taking medical leave. Goldner died the next day.

Stoddart assured analysts that plans for naming a permanent CEO are “well underway.”

Deborah Thomas, Hasbro’s chief financial officer, said Goldner, before he died, was proud of the company’s third quarter results, believing they showed the strength of the unique business model he and the company had created with bold acquisitions of entertainment properties.

The company’s Wizards of the Coast and digital gaming division, which includes the Magic:The Gathering property, also saw strong growth, with revenues up 32%, to $360 million, and operating profit up 13%.

Like its top toy competitor Mattel, Hasbro has used its scale, resources and industry leverage to navigate around the supply chain roadblocks manufacturers are facing this holiday season. But Hasbro presented a slightly more cautious outlook about shipping and supply chain problems than Mattel, which reported its earnings last week.

The $100 million in unfilled third quarters orders caused consumer products revenue to decline by 3%. If those orders had been delivered, revenue in that category would have been up 5%, Thomas reported.

The majority of those missed orders all were delivered during the current fourth quarter, Thomas said. In September, Hasbro shipped the most volume domestically ever in a single month, she said.

Due to the supply chain crisis, Hasbro ended the third with fewer finished goods in inventory than typical and significantly more stuck in transit. Total transit times have nearly doubled, Thomas said, and in certain shipping channels transit times are as much as 50 days longer than pre-pandemic levels.

Like Mattel, Hasbro took steps early to mitigate risk including activating alternate ports in China and the United States and expanding shipping capacity.

Added freight and shipping costs caused Hasbro to raise toy prices. Those higher prices went into effect in most markets in August, and will be fully implemented in the fourth quarter.

You Might Also Like

Joseph Safina’s Driven Becomes Amazon Bestseller, Blending High Finance with High Speeds

Fashion Designer Hyeonseo Irene Park: Redefining Menswear Through Originality and Collaboration

From Pattaya to the World: Bryan Flowers’ Unstoppable Rise as a Global Entrepreneur

Astana International Forum 2025: “Connecting Minds, Shaping the Future”

Investment success: GP Fatih Marketing Research Co LLC and the gold dream in Africa

TAGGED:Real EstateThe Forbes Journal
Share This Article
Facebook Twitter Email Copy Link Print
Improve in navy assist to Ukraine marks a shift in White Home coverage towards Russia
World

Improve in navy assist to Ukraine marks a shift in White Home coverage towards Russia

A navy car drives by Patriot air protection methods put in on the Rzeszow-Jasionka airport, a logistics hub for U.S. and European navy assist to Ukraine, in southeastern Poland on…

By Tycoon Herald 6 Min Read
FirstFT: Donald Trump proclaims US-Indonesia commerce deal
July 15, 2025
Darth Vader’s ‘Star Wars’ Lightsaber Set to Hit Public sale Block
July 15, 2025
Tara Moore: British tennis participant handed four-year doping ban after Worldwide Tennis Integrity Company attraction is upheld
July 15, 2025
Trump’s choose for U.N. Ambassador grilled over Sign chat scandal
July 15, 2025

You Might Also Like

Gaza residents stream dwelling to the north after hostage breakthrough By Reuters
Business

Gaza residents stream dwelling to the north after hostage breakthrough By Reuters

By Tycoon Herald 6 Min Read
Greenback positive factors on tariffs fears; euro seems to be to ECB assembly By Investing.com
Business

Greenback positive factors on tariffs fears; euro seems to be to ECB assembly By Investing.com

By Tycoon Herald 5 Min Read
EQT Real Estate acquires 12-building logistics assemblage positioned in key Northern Italian submarkets By Investing.com
Business

EQT Real Estate acquires 12-building logistics assemblage positioned in key Northern Italian submarkets By Investing.com

By Tycoon Herald 4 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
Entertainment

Kourtney Kardashian Captured Breast Feeding Rocky in Instagram Pics

Kourtney Kardashian is giving everybody a sneak peek into her fun-filled summer season, which additionally contains…

By Tycoon Herald
World

Report: Iran state media say assault has begun on U.S. bases in Qatar and Iraq

Traces are seen within the sky after Iran's armed forces say they focused Al-Udeid base in…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?