Strong Transformers Sales Give Hasbro Big Bump in 1Q Profits |
04-21-2008, 05:08 PM
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#1 (permalink)
| | Overlord of Evil Join Date: Jun 2003 Posts: 4,165 | Strong Transformers Sales Give Hasbro Big Bump in 1Q Profits
Strong growth in Transformers and Littlest Pet Shop helped Hasbro jump 14 percent in first quarter 2008 earnings. This gave the company income of $37.5 million for the first three months of the year, or 25 cents per share. Analysts had forecast net income of only 14 cents per share.
By contrast, Hasbro's chief rival Mattel lost $46.6 million, or 13 cents per share, missing expectations of a penny per share profit. Mattel blamed higher product costs and legal fees for the losses.
Hasbro's CEO said the results indicated the company was on track for a strong 2008.
Thanks to www.tfw2005.com and FosterLager for the heads up! | 
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04-21-2008, 05:29 PM
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#2 (permalink)
| | Never Forget. Join Date: Nov 2007 Location: Victoria, B.C. CANADA Posts: 1,572 | YAAH Hasbro !
I'm sure with more Joe waves on the way they'll only better those numbers over the next year.
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04-21-2008, 06:08 PM
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#3 (permalink)
| | Infantry Join Date: Sep 2007 Posts: 1,216 | Cool news. Good for us that Hasbro is going strong into 2008, I wonder how GI Joe played into that.
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04-21-2008, 06:25 PM
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#4 (permalink)
| | Banned Join Date: Mar 2008 Location: Texas Posts: 4,401 | Quote:
Originally Posted by CaptainDinobot  Cool news. Good for us that Hasbro is going strong into 2008, I wonder how GI Joe played into that. | Me too. Hope this means more Vehicles and Playsets for Joes! | |
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04-21-2008, 08:52 PM
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#5 (permalink)
| | Cobra Ruler Join Date: Aug 2006 Location: Valencia, CA Posts: 219 | Good, now spend some of that money on new molds for GI Joes guys!!! | |
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04-21-2008, 11:30 PM
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#6 (permalink)
| | Plastic lover Join Date: Sep 2007 Location: Over The Rainbow! Posts: 3,835 | My money is only for Joes... | |
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04-21-2008, 11:40 PM
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#7 (permalink)
| | Cobra Infiltrator Join Date: Sep 2007 Location: San Diego, CA Posts: 2,630 | Based on the success in sales, popularity, demand, shortages, sold-out preorders, the '09 live action movie and Gawd knows whatever else, there should be no reasons for Hasbro not to make bigger vehicles and play sets.
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04-22-2008, 12:32 AM
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#8 (permalink)
| | StarKiller......... Join Date: Jul 2003 Location: In a lonely hisstank Posts: 3,833 | Quote: |
there should be no reasons for Hasbro not to make bigger vehicles and play sets.
| They've constantly said there is a better chance for those once the movie is out. They even said in the latest q/a that they will talk about future vehicles at joecon.
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04-22-2008, 12:52 AM
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#9 (permalink)
| | Cobra Ruler Join Date: Aug 2006 Location: Valencia, CA Posts: 219 | Yes, but the demand is building now. So you have to strike while the iron is hot. And with no figures on the pegs, there is less money coming in from the Joe property. They would have even bigger profits if they would get off their butts and produce more figures. | |
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04-22-2008, 01:37 AM
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#10 (permalink)
| | StarKiller......... Join Date: Jul 2003 Location: In a lonely hisstank Posts: 3,833 | Quote: |
They would have even bigger profits if they would get off their butts and produce more figures.
| Honestly, from what I've observed in person at stores, and read from employees at the stores, its actually the retailers not ordering enough. This was the main problem last year, when they were skeptical on whether they would sell or not. I am afraid of a big push only close to the movie, and not soon. That would suck!
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