Toymaking giant Lego’s revenue reportedly grew during the first six months of the fiscal year, all while rival toymakers’ sales continued to slump.
Lego’s revenue grew 1% during the first two fiscal quarters to the tune of $4 billion, though its net profit declined 17% year-over-year.
However, Lego’s revenue gain puts it in a unique position in the international toy market as Mattel, Funko and Hasbro’s revenue and sales all took double-digit hits across the course of the year.
The recent floundering toy sales come after the industry posted massive gains during the Covid-19 pandemic.
