Hasbro says Toys will be Ready for Christmas Despite Reports of Shortage

Hasbro says Toys will be Ready for Christmas Despite Reports of Shortage

Officials with the Hasbro toy company have a message for parents: don’t put away your money just yet. Despite reports of an impending toy shortage due to COVID-related supply chain issues, the toy manufacturer has managed to post an 11 percent increase in third quarter earnings — and Hasbro’s interim CEO says he expects to do the same in the fourth quarter.

“Our teams continue to work around the clock to secure transport for our goods to meet the robust demand for Hasbro brands,” says Rich Stoddart, who predicts there will be more than enough toys available this Christmas.

• Game Maker Hasbro Beats Earning Expectations, As People Staying Home During Pandemic Helps Increase Sales

  Share

  SAN RAFAEL, CALIFORNIA - FEBRUARY 08: A Hasbro Jenga game is displayed on a shelf at a Target store on February 08, 2021 in San Rafael, California. Hasbro reported better than expected fourth quarter earnings with net income of $105.2 million, or 76 cents a share, compared to $95.5 million, or 69 cents a share, one year ago. (Photo by Justin Sullivan/Getty Images)

• Game Maker Hasbro Beats Earning Expectations, As People Staying Home During Pandemic Helps Increase Sales

  Share

  SAN RAFAEL, CALIFORNIA - FEBRUARY 08: A Hasbro Battleship board game is displayed on a shelf at a Target store on February 08, 2021 in San Rafael, California. Hasbro reported better than expected fourth quarter earnings with net income of $105.2 million, or 76 cents a share, compared to $95.5 million, or 69 cents a share, one year ago. (Photo by Justin Sullivan/Getty Images)

• Game Maker Hasbro Beats Earning Expectations, As People Staying Home During Pandemic Helps Increase Sales

  Share

  SAN ANSELMO, CALIFORNIA - FEBRUARY 08: In this photo illustration, Hasbro board games are displayed on February 08, 2021 in San Anselmo, California. Hasbro reported better than expected fourth quarter earnings with net income of $105.2 million, or 76 cents a share, compared to $95.5 million, or 69 cents a share, one year ago. (Photo Illustration by Justin Sullivan/Getty Images)
• Game Maker Hasbro Beats Earning Expectations, As People Staying Home During Pandemic Helps Increase Sales

  Share

  SAN ANSELMO, CALIFORNIA - FEBRUARY 08: In this photo illustration, Hasbro board games are displayed on February 08, 2021 in San Anselmo, California. Hasbro reported better than expected fourth quarter earnings with net income of $105.2 million, or 76 cents a share, compared to $95.5 million, or 69 cents a share, one year ago. (Photo Illustration by Justin Sullivan/Getty Images)

• Toy And Game Giant Hasbro Quarterly Earning Exceed Expectations

  Share

  SAN RAFAEL, CA - JULY 23: Nerf toys are displayed at a Target store on July 23, 2018 in San Rafael, California. Hasbro Inc. reported better than expected second-quarter revenue of $904.5 million compared to $972.5 million in the previous year. Despite the loss, revenues were well above analyst expectations sending stocks higher. (Photo by Justin Sullivan/Getty Images)

• Toy And Game Giant Hasbro Quarterly Earning Exceed Expectations

  Share

  SAN RAFAEL, CA - JULY 23: A Power Rangers toy is displayed at a Target store on July 23, 2018 in San Rafael, California. Hasbro Inc. reported better than expected second-quarter revenue of $904.5 million compared to $972.5 million in the previous year. Despite the loss, revenues were well above analyst expectations sending stocks higher. (Photo by Justin Sullivan/Getty Images)
• Toy And Game Giant Hasbro Quarterly Earning Exceed Expectations

  Share

  SAN RAFAEL, CA - JULY 23: Transformer toys are displayed at a Target store on July 23, 2018 in San Rafael, California. Hasbro Inc. reported better than expected second-quarter revenue of $904.5 million compared to $972.5 million in the previous year. Despite the loss, revenues were well above analyst expectations sending stocks higher. (Photo by Justin Sullivan/Getty Images)

No toy shortage!