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Hasbro Inc

BUSINESS
August 17, 2004 | From Reuters
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."
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BUSINESS
February 10, 2004 | From Associated Press
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.
BUSINESS
January 31, 2004 | From Associated Press
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.
BUSINESS
April 22, 2003 | From Bloomberg News
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.
BUSINESS
November 30, 2002 | From Bloomberg News
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.
BUSINESS
June 10, 2002 | From Bloomberg News
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.
BUSINESS
February 20, 2001 | ABIGAIL GOLDMAN, TIMES STAFF WRITER
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.
BUSINESS
February 9, 2001 | From Bloomberg News
Hasbro Inc. on Thursday reported a fourth-quarter loss, its first in almost a decade, and said it plans to fire 100 more workers as the popularity of Pokemon trading cards plummeted. The world's second-largest toy maker said its loss from operations was $58.4 million, or 34 cents a share, compared with profit of $155.4 million, or 79 cents, a year earlier. Sales dropped 27% to $1.16 billion, hurt also by weaker demand for its Furby and Star Wars products that were a big hit a year ago.
BUSINESS
December 7, 2000 | SHOBHANA CHANDRA, BLOOMBERG NEWS
Hasbro Inc. said Wednesday that it might have a loss this year because of sluggish sales of trading-card games and toys, and said it plans to increase the number of jobs it will cut by about 50%. The world's second-largest toy maker also agreed to sell its money-losing Hasbro Interactive and Games.com units to French game publisher Infogrames Entertainment for $100 million in cash and stock. Pawtucket, R.I.
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