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.
Author:
Publish date:
Social count:
0
5_Pocoyo.jpg

Worldwide net revenues for the quarter were $1.039 billion, up five per cent compared to the same period a year ago (this included a $9.6 million favourable impact from foreign exchange).

Hasbro also reported net income of $99.6 million, or $0.58 per dliuted share.

International segment revenues for the quarter were $280.4 million, compared with $264.6 million a year ago (again this included a $9.3 million favourable impact from foreign exchange). Volume increases reflected strong performances from Littlest Pet Shop, Playskool, Transformers and Monopoly amongst others. International also reported an operating profit of $43.3 million, boosted from $32.9 million in 2005, mainly thanks to decreases in royalty and amortization expense.

Meanwhile, the Star Wars brand continued to perform well, with $69 million in revenue for the quarter and $182 million for the year to date. "With the overall breadth and depth of our product portfolio, we have been able to grow our business for the quarter and year to date," said Alfred J Verrecchia, Hasbro president and CEO.

Related

5_Pocoyo.jpg

Mattel drops in Q3

Mattel has reported a one per cent drop in fiscal third-quarter profit, due to charges related to product recalls.

5_Pocoyo.jpg

Jakks up in Q3

Jakks Pacific has reported a rise in quarterly profit, helped by its acquisition of dress-up and role play specialist Creative Designs International.

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.

Liberty

UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.