The Lego company grew sales 2% last year, even as the global toy industry saw sales slip 7%, according to data from Circana.
The pandemic-era gains that fueled exponential toy industry sales growth waned in 2023 as consumers cut discretionary spending amid rising inflationary costs and increased credit card debt.
Meanwhile Denmark-based Lego posted resilient sales, with revenue reaching 65.9 billion Danish krone, or about $9.65 billion, it said Tuesday.
The company saw sales jump 27% in 2021 and 17% in 2022.
The toymaker's top-performing brands last year included Lego Icons, Lego Technic, Lego City, Lego Harry Potter and Lego Star Wars.
Persons:
Niels Christiansen, Harry Potter, Christiansen, Lego, We're
Organizations:
CNBC, Lego, Lego Star, Epic Games
Locations:
Denmark, Lego City, China