(Boursier.com) — Hasbro , one of the American toy giants, announced for its first fiscal quarter a net profit of 61 million dollars or 44 cents per title, against 116 million dollars a year earlier. Adjusted earnings per share were 57 cents, versus a FactSet consensus of 62 cents. Revenue improved 4% year-on-year to $1.163 billion. The consensus was at $1.15 billion. However, betting on strong demand for games, including ‘Magic’ and ‘Dungeons & Dragons’, the group is raising its earnings guidance. Over the quarter, the Monopoly-branded group improved its revenues by 4% to 1.16 billion dollars, against 1.15 billion consensus. For 2022, operating profit is expected to grow by around 5%. The annual revenue impact of Russia’s invasion of Ukraine is estimated at $100 million.
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