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Hasbro Profits Rise

Posted By JG on October 23, 2006

Hemscott posted about Star Wars toy manufacturer Hasbro in some financial news.

Hasbro Inc., the nation's second largest toy maker, said Monday its third-quarter profit rose 8.2 percent, as strong sales of brands including Littlest Pet Shop and Playskool offset a decline in Star Wars toys.

The company said it also benefited from strong performance in its traditional board game business and had built momentum heading into the holiday season and the new year, which it expects will feature heavy sales in action figures driven by the release of several upcoming movies. Its shares rose nearly 10 percent.

'As we look to the remainder of the year, we believe we are well-positioned for the all-important fourth quarter with momentum in a number of our key brands and many new product initiatives,' Alfred J. Verrecchia, president and chief executive, said in a morning conference call with analysts.

Net income rose to $99.6 million, or 58 cents per share, for the three months ended Oct. 1 from $92.1 million, or 47 cents per share, a year ago. The latest quarter includes stock option costs of 2 cents per share and a mark-to-market adjustment for Lucas warrants which cut into earnings by 9 cents per share.

Revenue rose 5 percent to $1.04 billion, including a $9.6 million favorable foreign exchange benefit, versus $988 million a year ago. Excluding Star Wars sales, revenue rose 13 percent, Hasbro said.





[Latest News - News Archives]
Rebelscum Breast Cancer Awareness Charity Patch
Posted By Philip on November 25, 2014:
Thanks to everybody that ordered patches. I sent a check for $1,600.00 to the National Breast Cancer Foundation on Monday. While it's not as much as I hoped for, it's still very much appreciated. They will remain for sale in the store for anybody that still wishes to purchase them. Details after the jump.



BBC Interviews J.J. Abrams About Trek And Wars
Posted By Eric on May 3, 2013:
Episode VII gig "once in a lifetime opportunity"

CEII: Jabba's Palace Reunion - Massive Guest Announcements
Posted By Chris on May 3, 2013:
10 new guests announced!

Fathead's May the Fourth Be With You!
Posted By Philip on May 3, 2013:
30% off Star Wars Fatheads

Star Wars Night With The Tampa Bay Storm Reminder
Posted By Chris on May 3, 2013:
Saturday, May 4th at 9:00pm!

Stephen Hayford Star Wars Weekends Exclusive Art
Posted By Chris on May 3, 2013:
Hunt down all four prints!

ForceCast #251: To Spoil or Not to Spoil
Posted By Eric on May 3, 2013:
Erik and Eric discuss a central issue of our time

New Timothy Zahn Audio Books Coming
Posted By Chris on May 3, 2013:
Allegiance, Specter of the Past, Vision of the Future!

SDCC: Exclusive Black Series Boba Fett With Han In Carbonite Set
Posted By Chris on May 3, 2013:
USA Today reveals Hasbro's offering

Star Wars Art Exposition May 4th
Posted By Philip on May 3, 2013:
It's Happening In Houston

Star Wars Celebration VII In Orlando?
Posted By Chris on May 3, 2013:
Story updated inside

The Force Within Us Celebrates May The 4th Be With You!
Posted By Jay on May 3, 2013:
Amazing freebies!

The Clone Wars Takes Home Voice Acting Trophies
Posted By Eric on May 2, 2013:
Series wins People's Choice for Best TV Vocal Ensemble

Star Wars Origami Free May 4th Download
Posted By Dustin on May 2, 2013:
Workman Publishing Posts Fun Freebie

May The FETT Be With You
Posted By Dustin on May 2, 2013:
The Dented Helmet / MIMOBOT giveaway!

Mimoco: New Mimobot Coming May 4th
Posted By Chris on May 2, 2013:
Who will it be?

WeLoveFine Loves May The 4th
Posted By Dustin on May 2, 2013:
Contest winners and t-shirt sales all weekend!

May The Fourth Grant You Savings On A Great Book!
Posted By Dustin on May 2, 2013:
Gus and Duncan's Comprehensive Guide to Star Wars Collectibles

Star Wars Island In Geoffrey's Jungle
Posted By Dustin on May 2, 2013:
Toys "R" Us Celebrates May the 4th

Catalog Details For New Essential Characters Guide
Posted By Eric on May 2, 2013:
Synopsis, quick facts, and rough release date

Synopsis Posted For Star Wars: Kenobi
Posted By Eric on May 2, 2013:
"The Republic has fallen. Sith Lords rule the galaxy."

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