Hasbro Profit Increased by Transformers
Monday, February 11th, 2008 3:49PM CST
Categories: Cartoon News, Toy News, Press Releases, Company NewsPosted by: i_amtrunks Views: 26,939
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According to a Reuters Report, Hasbro Inc. sales for the fourth quarter of 2007 rose by 16.3% to $1.3 Billion.
Hasbro's international sales rose 29% with their operating profit climbing to 40 percent, or $489.2 million, thanks largely to sales of Transformers, Nerf and Furreal product lines.
This good news for the second largest American Toy Company has come on the back of Mattel Inc. claiming record profits, despite a 3% sales drop in the North American Market.
Hasbro expects to continue with high sales through 2008 with the Transformers: Animated, Spiderman and Star Wars lines, with 2 feature films (Transformers 2 and GI Joe) to further boost sales in 2009.
To read the full Article, please click here.
Hasbro's international sales rose 29% with their operating profit climbing to 40 percent, or $489.2 million, thanks largely to sales of Transformers, Nerf and Furreal product lines.
This good news for the second largest American Toy Company has come on the back of Mattel Inc. claiming record profits, despite a 3% sales drop in the North American Market.
Hasbro expects to continue with high sales through 2008 with the Transformers: Animated, Spiderman and Star Wars lines, with 2 feature films (Transformers 2 and GI Joe) to further boost sales in 2009.
To read the full Article, please click here.
Credit(s): Reuters, Yahoo, Hasbro
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Re: Hasbro Profit Increased by Transformers (629167)
Posted by Talous on February 11th, 2008 @ 4:06pm CST
Posted by Talous on February 11th, 2008 @ 4:06pm CST
No real surprise here, is there?
Re: Hasbro Profit Increased by Transformers (629192)
Posted by Megatron Wolf on February 11th, 2008 @ 4:33pm CST
Posted by Megatron Wolf on February 11th, 2008 @ 4:33pm CST
Who didnt see this one coming? Seeing as how we paid most of their bills this year maybe they'll listen to us more.
Re: Hasbro Profit Increased by Transformers (629210)
Posted by 8 bit on February 11th, 2008 @ 4:43pm CST
Posted by 8 bit on February 11th, 2008 @ 4:43pm CST
This was also featured on MSNBCs Power Lunch.
http://www.cnbc.com/id/15840232?video=647926652&play=1
http://www.cnbc.com/id/15840232?video=647926652&play=1
Re: Hasbro Profit Increased by Transformers (629232)
Posted by Liege Evilmus on February 11th, 2008 @ 5:12pm CST
Posted by Liege Evilmus on February 11th, 2008 @ 5:12pm CST
Hey maybe they learned something after a whole year of Cybertron repaints!
Only repaint for half a year then break out new product quickly.
People will by the new thing more!
Only repaint for half a year then break out new product quickly.
People will by the new thing more!
Re: Hasbro Profit Increased by Transformers (629282)
Posted by dragons on February 11th, 2008 @ 6:05pm CST
Posted by dragons on February 11th, 2008 @ 6:05pm CST
i am an idiot but even i am not surprised to here that from hasbro.
hasbro dont let it go toyour head to much cockyness leads to defeat i dont want to see you make crappy figures because you have a big ego now ( not that you ever did make crappy figures to begin with just a little help with paint jobs with some figures and you be good to go ).
hasbro dont let it go toyour head to much cockyness leads to defeat i dont want to see you make crappy figures because you have a big ego now ( not that you ever did make crappy figures to begin with just a little help with paint jobs with some figures and you be good to go ).
Re: Hasbro Profit Increased by Transformers (629294)
Posted by The Chaos Bringer on February 11th, 2008 @ 6:32pm CST
Posted by The Chaos Bringer on February 11th, 2008 @ 6:32pm CST
Does this mean they have enough money to afford making enough figures so that I can actually find them?
Re: Hasbro Profit Increased by Transformers (629549)
Posted by Solrac333 on February 12th, 2008 @ 12:13am CST
Posted by Solrac333 on February 12th, 2008 @ 12:13am CST
I was the .2 million dollars.
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