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Why the toy boom has been good for Monopoly maker Hasbro

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In turbulent times, parents turn to toys to keep their kids happy. That has helped propel sales at some of the biggest toymakers in the U.S., including Hasbro, the largest producer of board games.

Hasbro has more than 1,500 brands, including Monopoly, Play-Doh, Jenga and Transformers and designs and distributes toys for some of the biggest names in the entertainment world, such as Marvel and Star Wars. It also makes TV shows, movies and digital games.

Hasbro said in April that its first-quarter net revenue increased 1% from a year earlier to $1.1 billion. The toymaker’s consumer products segment jumped 14% during that period. 

“The toy industry actually put up one of the strongest growth…



Source cnbc.com

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