LeapPad boosts Leapfrog revenues - ToyNews

LeapPad boosts Leapfrog revenues

Operating profit up more than 50 per cent as sales rise around the world in Q3.
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Leapfrog achieved a like-for-like sales increase of 9 per cent in the three months to September 30th.

The electronic learning company's consolidated net sales were $151 million representing the 9 per cent rise. Internationally, sales went up 28 per cent to $35 million.

Operating profit for the quarter was $25 million, up 54 per cent. Net profit was around $23 million.

"We delivered solid growth in the third quarter driven by the successful launch of LeapPad," said John Barbour, CEO of Leapfrog.

He added: "The LeapPad further strengthens our product portfolio and leadership in the educational entertainment market. Having received several prestigious awards and been selected for many retailers' top holiday toy lists, LeapPad is the leader in children's tablets."

Bouyed by the figures and looking forward to Q4, Barbour said: "We are excited about our momentum and strong position as we head into the holiday season. At the same time, we are also cautious about potential supply constraints and the current challenging economic environment."


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