Hasbro continues its rebound from profit losses experienced during the decline of Toys R Us, as noted during its 2019 First Quarter Financial Results call held earlier today. According to CEO Brian Goldner:
“MONOPOLY, PLAY-DOH and TRANSFORMERS were among the brands posting revenue gains this quarter. We are beginning to see improvement in our commercial markets, notably in the U.S. and Europe, and operating profit was driven by high margin revenue growth and our cost savings activities. With most of the year ahead of us, we remain on track to deliver profitable growth for the full-year 2019.”
Revenue gains for the franchise brand that we follow the most on these pages are due to the success of the Bumblebee movie and its associated toys driving point of sale growth. Goldner also mentioned the Netflix partnership entertainment initiative due in 2020, Transformers: War For Cybertron, as being an important content stream that will continue to drive fan business.
Review the attached Q1 infographic, crunch the numbers from the entire presentation here, then join in the discussion on the 2005 boards!