HASBRO 1st Qtr reports show gains with sales of Transformers

The TRANSFORMERS name and sale of merchandise continues to grow. HASBRO has reported a 13% gain in revenue from last year this time. An excerpt from HASBRO.com:
Hasbro, Inc. (NYSE: HAS) today reported net revenues of $704.2 million, an increase of $78.9 million or 13% compared to $625.3 million a year ago, or an increase of 9%, net of the favorable foreign exchange impact of $25.4 million. The Company reported net earnings of $37.5 million or $0.25 per diluted share, compared to $32.9 million or $0.19 per diluted share in 2007.
"We had a strong 2007 and the momentum continues in 2008, with growth driven primarily by TRANSFORMERS and LITTLEST PET SHOP, as well as PLAYSKOOL, STAR WARS, BABY ALIVE, MY LITTLE PONY and board games," said Alfred J. Verrecchia, President and Chief Executive Officer.
"While it's early in the year and there is still a lot of business to be done, our first quarter performance reinforces the confidence we have in achieving our full-year financial goals," Verrecchia concluded.
You can view all financial information pertaining to HASBRO here.
Hasbro, Inc. (NYSE: HAS) today reported net revenues of $704.2 million, an increase of $78.9 million or 13% compared to $625.3 million a year ago, or an increase of 9%, net of the favorable foreign exchange impact of $25.4 million. The Company reported net earnings of $37.5 million or $0.25 per diluted share, compared to $32.9 million or $0.19 per diluted share in 2007.
"We had a strong 2007 and the momentum continues in 2008, with growth driven primarily by TRANSFORMERS and LITTLEST PET SHOP, as well as PLAYSKOOL, STAR WARS, BABY ALIVE, MY LITTLE PONY and board games," said Alfred J. Verrecchia, President and Chief Executive Officer.
"While it's early in the year and there is still a lot of business to be done, our first quarter performance reinforces the confidence we have in achieving our full-year financial goals," Verrecchia concluded.
You can view all financial information pertaining to HASBRO here.