Hasbro Announce Rise in Profit due to Star Wars Merchandise
Monday, February 6th, 2006 2:25PM CST
Category: Site NewsPosted by: Alex Kingdom Views: 12,272
Hasbro Inc second largest toy maker in the US reported this morning a rise in profit of 15% in the fourth quarter of 2005. Led by strong domestic sales growth powered by Star Wars merchandise, they reported net income of $94.3 million (48 cents per share) compared with $81.9 million (44 cents per share) last year.
Revenue in the U.S. toy segment, which includes the Star Wars and Furby lines, increased to $305.6 million from $263.7 million. Game segment revenue fell to $235.8 million from $270.3 million.
Chief Executive Alfred Verrecchia made this statement.
"While I am pleased with our overall performance, in particular our Star Wars product line, the games segment performance was below our expectations and clearly there is opportunity for improvement this year,"
Read the full story at Reuters here and at Yahoo Finance here and here.
Revenue in the U.S. toy segment, which includes the Star Wars and Furby lines, increased to $305.6 million from $263.7 million. Game segment revenue fell to $235.8 million from $270.3 million.
Chief Executive Alfred Verrecchia made this statement.
"While I am pleased with our overall performance, in particular our Star Wars product line, the games segment performance was below our expectations and clearly there is opportunity for improvement this year,"
Read the full story at Reuters here and at Yahoo Finance here and here.
Credit(s): Transformers @ The Moon, Reuters, Yahoo Finance
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