Hasbro Reports Spiking Demand for Home Gaming Products
Hasbro (NASDAQ: HAS) is seeing a sustained increase in demand for its toys and game products as people look to entertain themselves at home.
The company announced on Wednesday that first-quarter sales fell 7% after accounting for currency exchange shifts, mainly because of reduced TV and film revenue. But its core gaming brands, which include Monopoly and Connect 4, jumped 30%.
"Families and friends connected through Hasbro's robust portfolio of face-to-face games, created with Play-Doh, and engaged in content and imaginative play with our brands," CEO Brian Goldner said in a press release.
Source Fool.com
