Toy maker Hasbro Inc.’s holiday-season sales were likely among “the weakest in the North American toy industry,” an analyst said Wednesday, citing a lack of enthusiasm for things like Play-Doh, action figures, Nerf and My Little Pony that will put more pressure on the company’s performance this year.
“In particular, HAS is still feeling a COVID hangover in games and Play-Doh,” Johnson said in a research note Wednesday. “With most families having a fully stocked cupboard of games, especially the Hasbro classics, there was little demand for new ones.” He also cut his earnings-per-share estimates on the company for 2022 and 2023 — to $4.15 from $4.50 for 2022, and $4.85 from $5.05 for this year. Shares of Hasbro finished the day 0.3% higher.
I don’t know about Star Wars, Transformers, or Power Rangers, but current G.I. Joes are STILL hard to find, but I’m still seeing Snake Eyes movie figures, which came out in 2021! Maybe Hasbro can learn a thing or two from Mattel, whose MOTU Origins stay updated/restocked.
Couldnt be the price increases no way not that at all