As the holiday shopping season approaches, parents everywhere are feeling the pressure, especially amid ongoing supply chain issues stemming from the COVID-19 pandemic. Experts are advising shoppers to get their holiday lists sorted out sooner rather than later to ensure they can secure all the items needed for a joyful and stress-free celebration. Fortunately, there are some silver linings, and Hasbro is stepping up to ease parents’ worries as they prepare their shopping lists.
The renowned toy and game manufacturer has recently announced its third-quarter sales and earnings, revealing an impressive 11% increase in revenue compared to the previous year. Interim CEO Jake Anderson reassured consumers that strong sales and growth position Hasbro to meet the high demand for popular toys this holiday season, including favorites like Dungeons & Dragons, Peppa Pig, and Magic: The Gathering.
In a statement released on October 26, Anderson acknowledged the global supply chain challenges faced in recent months but emphasized that Hasbro’s dedicated teams are working diligently to secure transport for their products. Despite some setbacks, including approximately $100 million in unfilled orders due to port congestion and rising freight costs, Hasbro’s CFO, Emily Johnson, expressed optimism, stating that much of the delayed inventory has been delivered.
As the holiday season draws near, parents can breathe a little easier knowing that Hasbro toys and games will be available on store shelves. However, getting a head start on holiday shopping is always a wise move. After all, there’s no better feeling than checking off everything on your list early, allowing you to focus on the many other tasks life throws your way.
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In summary, Hasbro’s strong performance and commitment to overcoming supply chain hurdles offer reassurance to parents this holiday season. With popular toys expected to be available, early shopping is advisable to ensure a joyful celebration.
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