Board games the standout star in Hasbro’s 4th quarter

Business

FILE – In this Monday, Feb. 15, 2016, file photo, the Monopoly Ultimate Banking Game from Hasbro is displayed at Toy Fair in New York. The critical holiday shopping season, coupled with quarantining amid the ongoing coronavirus pandemic, pushed board game sales up 21% at Hasbro in the fourth quarter. (AP Photo/Mark Lennihan, File)

PAWTUCKET, R.I. (AP) — The critical holiday shopping season, coupled with quarantining amid the ongoing coronavirus pandemic, pushed board game sales up 21% at Hasbro in the fourth quarter.

The toy company’s Monopoly and Magic: The Gathering card game were strong performers in the quarter, along with Dungeons and Dragons.

Total revenue climbed 4% to $1.72 billion, slightly better than the $1.7 billion that analysts polled by Zacks Investment Research was calling for.

FILE – This April 26, 2018, file photo, shows the Hasbro logo at the TTPM 2018 Spring Showcase, in New York. (AP Photo/Richard Drew, File)

Hasbro earned $105.2 million, or 76 cents per share, for the period ended Dec. 27. That compares with $95.5 million, or 69 cents per share, a year ago.

Removing one-time gains and costs, earnings were $1.27 per share. That handily topped the $1.14 per share Wall Street expected.

For the year, the Pawtucket, Rhode Island-based company reported a profit of $222.5 million, or $1.62 per share. Revenue totaled $5.47 billion.

Hasbro shares rose 3.3% before the market open on Monday.

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