Solid Q3 for Hasbro - ToyNews

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.
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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.



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