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Hasbro Is Helped And Hurt By COVID; Digital Sales Jump, But TV And Film Slump

The world’s largest toymaker said on Tuesday (April 27) that the pandemic-era digital shift saw its first-quarter eCommerce revenues grow 70 percent, while COVID-related shutdowns saw sales in its newly expanded TV, film and entertainment unit drop by 34 percent. According to a Hasbro company statement, the Rhode Island-based toymaker said total revenues rose 1 percent for the quarter to $1.1 billion, while adjusted operating profits...