A rebound in film and TV production and demand for board games pumped up Hasbro’s latest results. The toymaker reported a 54% jump in quarterly revenue, beating analysts’ estimates $HAS
is trying to get around the supply chain bottlenecks set off by the pandemic to deliver toys and boardgames for the holiday season by expanding its shipping operations and advancing its sourcing of products.
Hasbro shares rose 10% to their highest level in 17 months after the company beat quarterly results expectations on Monday. Globally, companies across industries have been hit by shipping delays and port congestion in a pandemic-hit year, forcing many, including Hasbro, to spend more on finding ways to get products to stores faster.A Monopoly board game by Hasbro Gaming is seen in this illustration photo August 13, 2017.
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