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Hasbro Inc. today reported third quarter net revenues of $1.3 billion, an increase of $78.9 million or 6% compared to $1.2 billion a year ago, or an increase of 5%, excluding the favorable foreign exchange impact of $19.4 million. The Company reported net earnings for the quarter of $138.2 million, compared to $161.6 million in 2007 "We are very pleased with our third quarter and year-to-date performance," said Brian Goldner, President and Chief Executive Officer. "In a challenging environment, we delivered both revenue and earnings growth. As we look to the remainder of the year, we are well positioned with the richest and most diversified portfolio of brands in the industry." U.S. and Canada segment net revenues for the quarter were $821.0 million, an increase of $47.5 million or 6% compared to $773.5 million in 2007. The growth in revenue is attributable to STAR WARS, PLAYSKOOL, NERF, FURREAL FRIENDS, BABY ALIVE, trading card and board games, including TRIVIAL PURSUIT and SCRABBLE. Additionally, TRANSFORMERS and LITTLEST PET SHOP continued to contribute significantly to the segment in the quarter. International segment net revenues for the quarter were $460.6 million, an increase of $37.4 million or 9% compared to $423.2 million in 2007. The results reflect growth in LITTLEST PET SHOP, STAR WARS, PLAYSKOOL, FURREAL FRIENDS, BABY ALIVE, trading card and board games, including MONOPOLY and GUESS WHO. Additionally, TRANSFORMERS continued to contribute significantly to the segment in the quarter. |
