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Board games the standout star in Hasbro’s 4th quarter



The toy firm’s Monopoly and Magic: The Gathering card recreation have been robust performers within the quarter, together with Dungeons and Dragons.

The important vacation procuring season, coupled with quarantining amid the continuing coronavirus pandemic, pushed board recreation gross sales up 21% at Hasbro within the fourth quarter.

The toy firm’s Monopoly and Magic: The Gathering card recreation have been robust performers within the quarter, together with Dungeons and Dragons. 

Complete income climbed 4% to $1.72 billion, barely higher than the $1.7 billion that analysts polled by Zacks Funding Analysis was calling for.

Hasbro earned $105.2 million, or 76 cents per share, for the interval ended Dec. 27. That compares with $95.5 million, or 69 cents per share, a yr in the past.

Eradicating one-time features and prices, earnings have been $1.27 per share. That handily topped the $1.14 per share Wall Avenue anticipated. 

For the yr, the Pawtucket, Rhode Island-based firm reported a revenue of $222.5 million, or $1.62 per share. Income totaled $5.47 billion.

Hasbro shares rose 3.3% earlier than the market open on Monday. 

Parts of this story have been generated by Automated Insights (http://automatedinsights.com/ap) utilizing information from Zacks Funding Analysis. Entry a Zacks inventory report on HAS at https://www.zacks.com/ap/HAS

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