Hasbro ups Q1 performance

Hasbro confident it can achieve full-year financial goals after strong start to financial year.
Author:
Publish date:
Social count:
0
5_Pocoyo.jpg

Hasbro has posted net revenues of $702.2 million, an increase of $78.9 million or 13 per cent compared to $625.3 million a year ago. Its net earnings reached $37.5 million compared to $32.9 million last year.

The firm attributed its growth in all areas to Transformers, Littlest Pet Shop, Playskool, Star Wars, Baby Alive, My Little Pony and board games.

Net revenues for the US and Canada segment reached $428.5 million. The Cranium acquisition and Wizards of the Coast digital initiative contributed to a decrease in the segment’s operating profit to $37.3 million from $45.8 million last year.

Net revenues for the international segment for the quarter were $248.3 million, a 22 per cent increase compared to $202.7 million in 2007. The segment also turned around last year’s operating loss of $1.8 million to a profit of $13 million.

Al Verrecchia, president and CEO said: “We had a strong 2007 and the momentum continues in 2008, with growth driven primarily by Transformers and Littlest Pet Shop, as well as Playskool, Star Wars, Baby Alive, My Little Pony and board games.

"While it’s still early in the year and there is still a lot of business to be done, our first quarter performance reinforces the confidence we have in achieving our full-year goals.”

Related

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.