HASBRO 1st Qtr reports show gains with sales of Transformers
Monday, April 21st, 2008 11:46am CDTCategories: Toy News, Press Releases, Company News
Posted by: First Gen Views: 16,037
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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.
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Posted by GetterDragun on April 21st, 2008 @ 11:56am CDT
Posted by First Gen on April 21st, 2008 @ 11:58am CDT
GetterDragun wrote:Take that people who said Animated should have been released earlier! Now Q2 will show an upswing with Transformers Animated being released along with Universe carrying it through to the end of the year.
I was thinking that same exact thing, just didn't want to post it and get slagged by the populace. Thanks GD.
Posted by Solrac333 on April 21st, 2008 @ 12:05pm CDT
Posted by Nekoman on April 21st, 2008 @ 1:05pm CDT
Posted by T-Macksimus on April 21st, 2008 @ 1:48pm CDT