Lego Stacks Up Shipments as Demand Recovery Anticipated — Panjiva


Lego Stacks Up Shipments as Demand Recovery Anticipated

Cons. Discr. - Retailing 156 Mexico 505 Mode - Truck 48 U.S. 3301

Toymaker Lego reported 1H 2018 revenues that rose by just 1% on a currency adjusted basis with a “slight decline” in North America. While that’s partly due to the failure of Toys’R’Us – a similar issue was cited by Mattel – U.S. imports suggest a recovery is anticipated. Seaborne shipments to the U.S. rose 4% and 7% in July and August respectively which may reflect new models and the off-cycle Star Wars film release. Exports from its Mexican operations to the U.S. rose 30% in the three months to July 31. The business should be immune to NAFTA negotiations – toys are not...

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