April 26, 2017 by redben
Hasbro released their 2017 Q1 financials this week. The toy and gaming giant owns Wizards of the Coast, and through them two of the biggest names in tabletop gaming in the form of Magic: The Gathering and Dungeons & Dragons.
Magic sits alongside the likes of Transformers and My Little Pony as one of the company’s franchise brands, and was noted in the investor conference call as being a high profit margin product line for the company. Without a major release in the quarter, its revenues declined on the same period last year, though Hasbro expects that the first Amonkhet release this month will drive strong sales in Q2.
WotC were given a shout-out in the call for driving strong sales increases in Dungeons & Dragons, and overall, gaming revenues were up 10%, with growth in Monopoly, continued strong sales for Pie Face, and a strong launch for Toilet Trouble… (admit it, you sniggered).
Outside of gaming, the Nerf and Transformer brands had strong quarters, whilst Star Wars, Marvel, and My Little Pony had declines, but with major movie releases for all three of those this year, the company expects business to pick up for them.
In total, the Q1 revenues amounted to $849.7 million, a 2% increase on last year, and net earnings were up by 41% to $68.6 million.
What are your thoughts?
"...gaming revenues were up 10%, with growth in Monopoly, continued strong sales for Pie Face, and a strong launch for Toilet Trouble (admit it, you sniggered)"