A year after it was caught flat-footed by the massive consumer demand for anything and everything “Frozen,” Walt Disney Co.’s consumer-products division is reaping the rewards of the blockbuster animated hit.

Revenue at Disney Consumer Products rose 22% to $1.4 billion during the quarter ended Dec. 27 and operating income surged 46% to $626 million, reflecting growth both in licensed merchandise and sales at the company’s retail stores.

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