LEGO CRUSHES EARNINGS, UNVEILS NEW SETS AT THE PLAY DATE

Despite the challenges facing the toy business as a whole, one of the biggest players in the game reported earnings that significantly outpaced the rest of the global industry: LEGO.

The LEGO Group capped its 90th anniversary year by reporting a 17% spike in overall revenue in 2022 to approximately $9.82 billion ($64.6 billion DKK). LEGO says that its focus on retail partnerships and investment in its direct-to-consumer (D2C) platform and global supply chain contributed to its success.

Source: The Toy Book