July 19, 2005 |
Helped by strong sales of "Star Wars" merchandise, toy maker Hasbro Inc. reported a 56% jump in second-quarter profit Monday while rival Mattel Inc. posted disappointing results as costs rose and its Barbie franchise continued to sputter. It was the seventh straight quarter of sliding sales for Mattel's largest product line. A makeover last year designed to make the blond icon more appealing to older girls hasn't stemmed the downturn.
September 10, 2004 |
Hasbro Inc., the world's No. 2 toy maker, recalled about 230,000 Super Soaker Monster Rockets because of injuries to users and bystanders. Hasbro received reports of three injuries to users of the 7-foot-tall inflatable Mylar rockets, including a slight concussion and a cut requiring stitches, and four injuries to children struck by descending rockets, the Consumer Product Safety Commission said. Consumers should stop using the rockets immediately and can contact Pawtucket, R.I.
August 17, 2004 |
Shares of top toy maker Mattel Inc. and rival Hasbro Inc. fell to their lowest levels in at least 14 months Monday after a downgrade by Lehman Bros., which cited deteriorating industry conditions. Analyst Felicia Kantor Hendrix cut Mattel's rating to underweight from overweight and Hasbro to underweight from equal weight, citing "eroding industry fundamentals."
February 10, 2004 |
Hasbro Inc., the nation's second-largest toy maker behind Mattel Inc., said its earnings rose 23% in its fiscal fourth quarter due to strong sales of new products, classic board games and core brands. The Pawtucket, R.I.-based firm said profit rose to $76.6 million, or 43 cents a share, in the three months ended Dec. 28, from $62.2 million, or 36 cents, a year earlier. Results included charges of $18.
January 31, 2004 |
The Consumer Product Safety Commission said Hasbro Inc. of Pawtucket, R.I., was voluntarily recalling 294,000 Nerf Big Play Footballs because their hard plastic interior frame poses a safety hazard.
April 22, 2003 |
Hasbro Inc., the world's No. 2 toy maker behind El Segundo-based Mattel Inc., had a first-quarter profit of $1.19 million after reducing costs and increasing sales of such toys as Transformers. Analysts had expected a loss. Net income of 1 cent a share contrasted with a net loss of $262.8 million, or $1.52, a year earlier, the company said. Sales rose 2.1% to $461.8 million. Shares of Hasbro, based in Pawtucket, R.I., rose $1.36, or 9.6%, to $15.56 on the NYSE.
November 30, 2002 |
Toy maker Hasbro Inc. was fined $7.7 million by British regulators for fixing prices. The maker of Mr. Potato Head and G.I. Joe broke British competition law when it told 10 distributors they couldn't sell toys and games below its list price without permission, the British Office of Fair Trading said. Pawtucket, R.I.-based Hasbro said it would appeal the ruling. Hasbro shares fell 26 cents to $12.82 on the NYSE. They have declined 21% this year.
June 10, 2002 |
DreamWorks said it awarded Hasbro Inc. the main toy license for "Sinbad: Legend of the Seven Seas," the studio's animated movie scheduled for release next year. Terms weren't disclosed. "Sinbad" will be a part of the GI Joe action figure brand, one of only a few characters that have been attached to the brand, the companies said in a statement released Sunday. Hasbro also will have rights to all clothing, vehicles, environments, play sets and other accessories related to the action figures.
February 20, 2001 |
If the games unveiled at the nation's largest toy show are any indication, kids have outgrown battles with Pokemon monsters and space invaders and are ready to play against a more realistic threat: infectious disease. And although germ warfare for children might upset some parents, psychologists said at least the play-killing of viruses is better than the play-killing of people. In fact, people play a background role in what will probably be the biggest of these games. Pox by Hasbro Inc.