Star Wars And Frozen Boost Hasbro’s Earnings Above Expectations

The Force Awakens helped Hasbro top industry expectations along with the now perennial seller Frozen.

Hasbro reported $831.2m in first quarter revenue, a figure that marked a 16% jump year-on-year and cleared the $768.4m analyst estimate. Hasbro reported blockbuster first quarter financial results on Monday morning, smashing Wall Street expectations as a result of sales from Frozen and Star Wars-branded products. Net income for the quarter came in at $48.8m, an increase of 83% over the same period last year. This resulted in earnings of 38 cents per share, a figure that exceeded the analyst consensus by 14 cents per share.

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Matt Booker
Matt is the Jedi News Social Media Guru, as well as co-host of the Take Cover podcast on the Jedi News Network. He also has a Boba Fett-ish with one of the largest Fett collections spanning every genre of collecting.