Hasbro says its toys will be ready for the holidays, despite the supply chain crisis
CNN
Hasbro brushed off global supply chain concerns and reported solid sales and earnings for the third quarter, thanks in large part to strong demand for its Dungeons & Dragons and Magic: The Gathering role playing games.
The toy giant said Tuesday that third quarter revenue was up 11% from a year ago, in line with forecasts. Earnings easily topped Wall Street's estimates. Shares of Hasbro (HAS) rose nearly 3% Tuesday.
Sales surged 32% at its Wizards of the Coast and Digital Gaming unit, which includes the popular D&D and Magic games. Hasbro's rapidly growing entertainment business, which produces a My Little Pony show for Netflix (NFLX) and owns the popular Peppa Pig and PJ Masks brands, soared 76%.
The US began pulling military equipment and additional personnel out of Niger on Friday after waiting months for the ruling military junta to approve US military flights into the country, two sources familiar with the matter said Saturday, ahead of a September 15 withdrawal deadline agreed to by the two countries.
The judge who oversaw Donald Trump’s criminal hush money trial in New York on Friday informed the former president’s defense team and prosecutors with the Manhattan district attorney’s office that a comment was posted on the New York State Unified Court Systems’ public Facebook page last week by a poster who claimed to be a cousin of a juror, saying that Trump would be convicted.