Lego's revenue in 2023 saw a 2% growth, with profits falling amidst a toy market slump. Despite this, Lego outpaced rivals with slowest growth in seven years. The company's consumer sales grew 4% globally, driven by strong U.S. and Central/Eastern Europe growth despite a decline in China. Lego plans to open 100 more stores in the next 12 months, aiming to boost in-store traffic back to pre-pandemic levels.
The company posted revenue of $47.7 billion in 2023. https://t.co/phWEcy7LGP
Global dividends hit a record $1.66 trillion last year, according to a report by fund manager Janus Henderson Group, which expects another all-time high in 2024. https://t.co/TOuX7Oj3wV
Dividends Hit a Record Last Year. Why 2024 Should Be Another Big Year for Payouts. https://t.co/YmtmQ4cnHg
Global corporate dividends hit record $1.66 trillion in 2023 https://t.co/TYygaiHT75 https://t.co/bdv7HQPTLl
Lego Builds Market Share as Harry Potter, Fortnite Sets Boost Popularity https://t.co/RbosEeCrA1
Shareholder payouts hit a record $1.7 trillion last year as bank profits surged https://t.co/S598hsxImd
WATCH: In a global toy market that declined 7%, Lego said its consumer sales grew 4% last year, driven by strong growth in the United States and Central and Eastern Europe, despite a drop-off in China https://t.co/dZNflHDdkZ https://t.co/2I0qpDoc1G
In a global toy market that declined 7%, Lego said its consumer sales grew 4% last year, driven by strong growth in the United States and Central and Eastern Europe, despite a drop-off in China https://t.co/CPtd7Q8xwf https://t.co/kJR0cK5JgD
"For us, opening stores, getting closer to consumers, and really allowing them to get into stores is really working for us," LEGO group CEO says in-store traffic is back to pre-pandemic levels. He says the company plans to open 100 more stores over the next 12 months. https://t.co/4ddrja10jf
Lego Builds Market Share as Ever-Popular Toy Bricks Defy Demand Drop https://t.co/Qti8R2VpD1
Lego steams ahead despite struggling toy market https://t.co/QiIQ7V1ra2
Lego hit by slowest growth for seven years but still outpaces rivals https://t.co/lKeGO1QJVH via @ft
Lego profits fall as toy market slumps https://t.co/REVJkQlrqK
Lego revenue grows 2% in 2023, as CEO hails 'very, very strong' U.S. progress https://t.co/Bf2Ewts2v4
Lego revenue ticks higher in 2023, despite trade-downs and China pullback https://t.co/dHK7y9Lw5a