Better Q2 for Hasbro

Transformers, GI Joe and Nerf all boost toy company.
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Hasbro has reported an increase in sales of one per cent to $792.2 million, compared to $784.3 million a year ago.

Excluding the negative $44.5 million impact of foreign exchange, net sales increased seven per cent.

Net profit for the period increased to $39.3 million, or 26 cents per share, from $37.5 million or 25 cents per share in 2008.

The second quarter results include a six cents per share dilutive impact from Hasbro’s investment in its joint venture with Discovery Communications.

To read the full story on sister site ToyNews, click here.

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