With Economy down, Hasbro continue's to rise
Thursday, June 19th, 2008 5:52pm CDTCategory: Company News
Posted by: i_amtrunks Views: 7,373
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