Hasbro announces price increases on its third quarter products
The company announced, at its meeting with investors, a future increase in the price of its products, caused by the increase in the costs of inputs, commodities and freight.
Revenue from the consumer products segment increased by 33%-
Wizards of the Coast and digital games revenue more than doubled
Entertainment segment revenue increased by 47%"Overall revenue was up 54% from last year and 9% higher compared to pro forma second quarter 2019. Wizards generated a standout performance this quarter led by MAGIC: THE GATHERING. Demand for MAGIC is at all-time highs, including two record releases in the quarter: Strixhaven and Modern Horizons 2." — Said Brian Goldner, Hasbro's CEO.