Hasbro boosted by Star Wars - ToyNews

Hasbro boosted by Star Wars

The ‘Star Wars effect’ has contributed to a rise in Hasbro’s fourth-quarter profit of 15 per cent, exceeding analyst forecasts. 
Author:
Publish date:
5_Pocoyo.jpg

Hasbro said its net earnings for the quarter ended December 25th were $94.3m up from $81.9m a year earlier. Revenue rose 1.2 per cent to $1.07bn from $1.06bn.

For the year, the company earned $212.1m, compared with $196m in 2004.
Revenue rose to $3.1 billion from $3 billion a year ago. But game sales declined nearly 13 per cent and it faces a tough challenge from a drop-off in Star Wars toy interest after the end of the film series. Star Wars toys and games exceeded company expectations and accounted for $494 million in 2005 revenue.

"We expect it to contribute meaningfully to our business this year and next year, but clearly not to the extent it has before," said Al Verrecchia, chief executive and president.

Related

5_Pocoyo.jpg

Mixed fortunes for Mattel

Mattel’s fourth-quarter share earnings exceeded analysts’ expectations but profit still dipped two per cent year on year while full year turnover was up and profit down.

5_Pocoyo.jpg

Solid Q3 for Hasbro

The Littlest Pet Shop, Playskool, Transformers and Monopoly have all helped Hasbro push up its revenues for the third quarter of 2006.

Featured Jobs

Copyrights Group

Marketing Manager

The Copyrights Group is one of the licensing arms within The Vivendi Group. Acquired by Vivendi in 2016 Copyrights manages the licensing for a portfolio of properties to include Paddington Bear. Some of the other companies within the Vivendi Group include Universal Music Group, and their licensing arm Bravado, Gameloft and Studiocanal to name a few.