Hasbro Reports Second Quarter 2010 Results

Jul 19, 2010
Today reported 2010 second quarter results. The Company reported net earnings of $43.6 million or $0.29 per diluted share, an increase of $4.4 million or 11%, compared to $39.3 million or $0.26 per diluted share in 2009. The Company reported net revenues of $737.8 million compared to $792.2 million a year ago, a decrease of 7%. Foreign exchange impact was a positive $1.6 million to revenues in the quarter.

"We are executing our long-term strategy by re-imagining, re-inventing and re-igniting our global brand portfolio, which in turn is improving profitability in our business," said Brian Goldner, Hasbro President and Chief Executive Officer. "As we stated previously, the second quarter presented challenging revenue comparisons due to the initial movie product ship-ins last year ahead of the TRANSFORMERS and G.I. JOE movies. Having said this, the strength of our brand portfolio and the execution of the team globally enabled us to partially offset this challenging revenue comparison and improve our profitability year-over-year.

Source: MarketWatch (press release)

G1 TRANSFORMERS "Superion" English version

TRANSFORMERS of an English version was edited. A part of Japanese version is used. The woman at the ending is an idol in Japan that has held the ...

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Product Description

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Product Description

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