Marvel ups guidance on strong Q1 - Licensing.biz

Marvel ups guidance on strong Q1

Future film slate also revealed on back of Iron Man success.
Author:
Publish date:

Reflecting its strong first quarter performance, Marvel Entertainment has raised its financial guidance for net sales, net income and diluted EPS.

The company now expects net income in a range of $104 million to $122 million, or $1.35 to $1.55 per share. It previously forecast a profit between $100 million and $118 million, or $1.30 to $1.50 per share.

Marvel also boosted its revenue outlook to a range of $370 million to $400 million, up from $360 million to $400 million.

The firm's licensing segment is expected to contribute net sales of $240m - $265m in 2008 and to generate an operating margin of 65 per cent to 75 per cent.

Net sales (now including income from Hasbro) will have the following mix: 49 per cent from domestic consumer products, 31 per cent from international consumer products, 13 per cent from Spider-man LP and seven per cent from Marvel Studios (excludes revenues related to Marvel's self-produced feature films).

Marvel's publishing segment is expected to contribute net sales of $130m - $135m in 2008 and to generate an operating margin of 41 per cent - 43 per cent.

Meanwhile, after a stunning opening weekend for Iron Man, Marvel has revealed that Iron Man 2 is scheduled for April 2010. This will be followed by Thor in June 2010, while The First Avenger: Captain Marvel and The Avengers are being lined up for release in May and July 2011 respectively.

The company's next self-produced film is The Incredible Hulk, which will hit cinemas in June.

Related

Featured Jobs