Toy market news

Character Group issues full-year profit warning

The Character Group PLC has warned that profits for the year to August will end up as much as 10% below market expectations due to a number of global logistical challenges.

The distributor of toys such as Peppa Pig, Pokémon, Heroes of Goo Jit Zu, Fireman Sam and Scooby Doo, among others, said that although the lifting of Covid-19 restrictions and subsequent re-opening of physical stores led to buoyant sales in the second half, global supply chain issues have deteriorated further since the company announced its interims in April.