Hasbro posted a third-quarter profit of $394.5 million, or $2.77 a share, compared with $233.2 million, or $1.64 a share, a year ago. The company lifted its full-year revenue outlook, citing strong performance across its toy and board game divisions. Revenue growth was driven by higher demand for established brands and new product launches.
The company also reported improved margins and increased cash flow during the quarter.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing