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Hasbro reports overal 2nd Quarter profits, but 'Boys Toys' sales are down.

Transformers News: Hasbro reports overal 2nd Quarter profits, but 'Boys Toys' sales are down.

Friday, July 16th, 2004 9:35AM CDT

Category: Toy News
Posted by: Raymond T.   Views: 18,096
Earlier today (Friday, July 16th) Hasbro inc. made its second quarter over 2004 sales report public. Although overal income for the company is up from $11.4 million last year to $18.8 million this year, it reported that overall sales of their 'boys toys' market is down from $203.8 million last year to $179.2 million this year. This drop in sales over the boys market was mostly due to the weak performance of the Beyblade brand, which lost $47 million over the last year.

Read the full press release here
Credit(s): Yahoo! Finance

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