Hasbro reports 4th quarter and Full-Year 2009 Earnings
Posted by Delicon
Feb 8, 2010 at 8:54pm CST
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PAWTUCKET, R.I., Feb 08, 2010 (BUSINESS WIRE) -- Hasbro, Inc. (NYSE: HAS) today reported 2009 fourth quarter and full-year results. For the fourth quarter 2009, the Company reported net revenues of $1.38 billion, an increase of $144.1 million or 12%, compared to $1.23 billion a year ago. 2009 fourth quarter revenues grew 7% excluding a $55.4 million positive impact of foreign exchange. The Company reported net earnings for the quarter of $165.6 million or $1.09 per diluted share, an increase of $72.0 million or 77%, compared to $93.6 million or $0.62 per diluted share in 2008.
For the full year 2009, the Company reported revenues of $4.07 billion, an increase of $46.4 million or 1%, compared to $4.02 billion a year ago. 2009 revenues grew 3% excluding a $65.2 million negative impact of foreign exchange. Net earnings for the full year were $374.9 million, or $2.48 per diluted share, an increase of $68.1 million or 22% from $306.8 million or $2.00 per diluted share in 2008.
"We are extremely pleased with our fourth quarter and full-year results that demonstrate Hasbro's strategy is working," said Brian Goldner, President and Chief Executive Officer. "The Hasbro teams around the globe performed at a high level in 2009, delivering innovation and strong marketing programs to our consumers and retailers. The result is our fifth consecutive year of revenue growth and ninth consecutive year of E.P.S. growth, achieved in a challenging global economy. Continued investments in our business, including the joint venture with Discovery Communications to form The Hub television network, the creation of Hasbro Studios, establishing a local presence in emerging geographies and securing long-term key licenses, position us not only for the success we had in 2009 but over the long term as we execute our branded play strategy globally."
Hasbro, Inc. is a worldwide leader in children's and family leisure time products and services with a rich portfolio of brands and entertainment properties that provides some of the highest quality and most recognizable play and recreational experiences in the world. As a brand-driven, consumer-focused global company, Hasbro brings to market a range of toys, games and licensed products, from traditional to high-tech and digital, under such powerful brand names as TRANSFORMERS, PLAYSKOOL, TONKA, MILTON BRADLEY, PARKER BROTHERS, CRANIUM and WIZARDS OF THE COAST. Come see how we inspire play through our brands at http://www.hasbro.com. (C) 2010 Hasbro, Inc. All Rights Reserved.
To view the entire original press release, you may click here.
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Re: Hasbro reports 4th quarter and Full-Year 2009 Earnings
(view post)
Comment by DevastaTTor
Feb 8, 2010
Funny, was just posting this. You must have beat me by about 2 minutes.
The stock went crazy today. It was up 12%, somewhere just south of 4 dollars.
The stock went crazy today. It was up 12%, somewhere just south of 4 dollars.
Re: Hasbro reports 4th quarter and Full-Year 2009 Earnings
(view post)
Comment by zenosaurus_x
Feb 8, 2010
Good for them.........
But they know they would've made more with a Leader Blackout
But they know they would've made more with a Leader Blackout
Re: Hasbro reports 4th quarter and Full-Year 2009 Earnings
(view post)
I assume you mean the stock gained in value by almost $4, right?
Great year for Hasbro, for sure.
Comment by Delicon
Feb 8, 2010
DevastaTTor wrote:Funny, was just posting this. You must have beat me by about 2 minutes.
The stock went crazy today. It was up 12%, somewhere just south of 4 dollars.
I assume you mean the stock gained in value by almost $4, right?
Great year for Hasbro, for sure.
Re: Hasbro reports 4th quarter and Full-Year 2009 Earnings
(view post)
Comment by Megatronsdemise666
Feb 8, 2010
zenosaurus_x wrote: "Good for them.........
But they know they would've made more with a Leader Blackout"
no no you got it all wrong
SUPREME CLASS BLACKOUT LOL or grindor lol
But they know they would've made more with a Leader Blackout"
no no you got it all wrong
SUPREME CLASS BLACKOUT LOL or grindor lol
Re: Hasbro reports 4th quarter and Full-Year 2009 Earnings
(view post)
Comment by Bed Bugs
Feb 8, 2010
I'm curious how the stock price will change when The Hub goes live.
