Lego posts record first-half revenue, CEO touts strong sales at high-end and value pricing

A customer reaches for a box from the Lego Dots range at a Lego store in London, March 7, 2022.Bloomberg | Getty ImagesLego revenue is on a tear. The brickmaker posted a 21% revenue bump for the first half of the year, boosted once again by its now-stalwart lines like botanical bouquets, Formula 1 race cars and collectible sets. Lego reported record first-half revenue of 41.9 billion Danish kroner, or about $6.54 billion, as part of its biannual earnings report on Tuesday. Operating profit rose 22% year over year to 10.9 billion Danish kroner, or roughly $1.7 billion, the company said.The strong first half comes as Lego continues to expand its product catalog, capturing new customers and retaining its already avid fan base of brick builders. So far this year, the company has launched its Smart Play platform — a new technology that enhances brick sets with sensors that can react to movement, play sound and light up — as well as its long-awaited partnership with Pokemon. It has also expanded its presence in the sports realm with its F1 and FIFA partnerships. Gateways into the brand such as its line of botanical models and its ongoing partnership with Epic Games — which brings Lego to...