With Economy down, Hasbro continue's to rise

With Economy down, Hasbro continue's to rise

Thursday, June 19th, 2008 5:52pm CDT

Category: Company News
Posted by: i_amtrunks   Views: 7,373

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Stock Market website Seeking Alpha has issued a report on the financial status of HASBRO Inc. (HAS NYSE). While the economy is struggling overall with high fuel costs and the rise of food cultures, HASBRO is on course and rising with it’s projected financial gains for the year.

Strong first quarter gains saw a steady rise in shares from a starting point of $21.00 USD to just under $40.00 USD, the current going cost. Revenue is up 13% from the same quarter last year, and overseas ventures such as the European market have yielded great gains with sales up 22% from last year,

Former HASBRO CEO Alfred J. Verrecchia said "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."

With new CEO Brian Goldner’s plans to expand the name brand’s HASBRO has, it definitely looks like HASBRO is taking itself from it’s humble beginnings as a school supply maker to new heights in an array of areas.

To view the complete article with graphic representation of the increases, click here.

Credit(s): First gen, Seeking Alpha.com

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