Hasbro Q1 “has been quite good”

CEO Brian Goldner says the company is seeing “great demand” for toys as families self-isolate, as the company looks to rush new stay-at-home products to market

Written by Rhys Thomas

Posted 24.03.2020 | Products

Hasbro Q1 “has been quite good” thumbnail

Hasbro is seeing “great demand” for its toys as families spend more time together under one roof, CEO Brian Goldner said yesterday in an interview with CNBC.

Family favourites like Monopoly, arts and crafts brand Play-Doh, and card game Magic: The Gathering are seeing particularly strong demand, he said, as parents scramble for ways to keep their children busy while not attending school.

Meanwhile, the toy company’s supply chain in China, where the coronavirus had crippled factory work, is “back up and running”. Sales in China have also begun to pick up pace as new cases of the virus subside and life returns to relative normalcy in much of the mainland.

“We believe that by April our production will be fully caught up,” Goldner told CNBC, adding that while he expects to miss some shipments as the supply chain whirs back to full capacity, “our first quarter has been quite good”.


While delivery of well-known brands continues, Hasbro is also busy working on bringing brand-new products to market that better meet the demands of stay-at-home families.

“This week we’ll launch a program called ‘Bring Home the Fun,’” he said, “trying to give parents and caregivers the resources they need to keep kids occupied to help them get educated and keep creativity going on.”

Currently the company says it has no plans to layoff staff, and Goldner underlined the fact that the coronavirus had yet to put too much strain on its cashflow and reserves. And while demand remains high for its toys, the company expects to report a decent set of first quarter results in late April.

[LIVE] Coronavirus in the toy trade thumbnail

[LIVE] Coronavirus in the toy trade

The latest impact of Covid-19 on the toy industry – suppliers, retailers, trade shows and more

Mattel joins fight against Covid-19 thumbnail

Mattel joins fight against Covid-19

The US toy giant is dedicating experts and resources to production of face masks from Barbie fabric, and other PPE

Insight: Toy trade in The Netherlands, where shops remain open thumbnail

Insight: Toy trade in The Netherlands, where shops remain open

Nico Blauw, CEO of Dutch toy company BOTI International, reports on how the toy industry is coping in The Netherlands, ...

Press Releases

SmartGames launches Atlantis Escape thumbnail

SmartGames launches Atlantis Escape

Multi-level logic game tasks players with escaping the fabled city before it sinks beneath the waves

DKL readies for moon landing celebrations thumbnail

DKL readies for moon landing celebrations

New Plus-Plus space range is ideal to commemorate this year’s 50th anniversary of the historic achievement

Smart launches Smart Farmer thumbnail

Smart launches Smart Farmer

Lastest launch gives little ones an agricultrual qunadry to puzzle over and get their brains moo-ving

Smiles for Zimpli emoji range thumbnail

Smiles for Zimpli emoji range

A crowd pleaser at Toy Fair, Zimpli’s new emoji-licensed poop-shaped slime and Baff Bombz range is anything but a stinker