Revenue from toys in the girls' category jumped 52%, as demand for dolls based on Walt Disney Co's "Cinderella" and "Frozen" rose significantly in the fourth quarter ended Dec. 25.
Hasbro is soaring after beating on earnings because of strong demand for Disney dolls (HAS)
Hasbro is soaring 14.9% at $94.94 a share after the company reported better-than-expected quarterly revenue and profit, helped by strong demand for its Disney Princess and "Frozen" dolls during the holiday season in the US.
Screen Shot 2017 02 06 at 10.18.52 AM
The company also benefited from strong demand for DreamWorks' "Trolls" dolls. The "Trolls" film was released in the United States last November.
Hasbro won the lucrative contract for dolls based on Disney's princesses such as Cinderella and Snow White from Mattel in 2014.
Here are the key numbers:
ADVERTISEMENT
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: news@pulselive.co.ke
Recommended articles
African countries with the highest divorce rate
10 African cities with the highest crime index at the start of 2024
Machoka at 70: Emotions run high during Citizen TV presenter's birthday [Video]
Diwali 2022: Is Monday a public holiday in Kenya?
Akothee finally reveals reasons for separating from Omosh 1 month after wedding
Man, once a ‘billionaire’, recounts how he lost wealth, now sells his book on streets [Video]
Details of Ngina Kenyatta's luxurious restaurant
Zero Chills! Jackie Matubia's advice for Milly Chebby amid the unfollow drama