Spécialiste mondial du jeu et du jouet

Hasbro is a worldwide leader in children's and family leisure time entertainment products and services, including the design, manufacture and marketing of games and toys ranging from traditional to high-tech.

Les marques et les produits incluent: MR. POTATO HEAD, G.I. JOE, TONKA Trucks, PLAYSKOOL, EASY BAKE OVEN, PLAY DOH, BOB THE BUILDER, STAR WARS, TRANSFORMERS, the games SCRABBLE, MONOPOLY and CLUE; and WHEELS ON THE BUS

http://www.hasbro.com

Hasbro, Inc. Announces Quarterly Cash Dividend on Common Shares 
PAWTUCKET, R.I.--(BUSINESS WIRE)--Dec. 3, 2009-- Hasbro, Inc. (NYSE:HAS) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share. The dividend will be payable on February 16, 2010 to shareholders of record at the close of business on February 2, 2010. 
 

Hasbro Reports Third Quarter 2009 Results 
Third Quarter Highlights 
Net revenues of $1.28 billion compared to $1.30 billion a year ago, a decrease of 2% from a year ago, or an increase of 1% absent the impact of foreign exchange; 
Net earnings of $150.4 million versus $138.2 million or $0.99 per diluted share compared to $0.89 per diluted share, an increase of 11% in EPS; 
Operating profit of $230.7 million or 18% of net revenues, compared to $215.9 million or 17% of net revenues last year; 
Repurchased 1.1 million shares of common stock at a total cost of $30.2 million. 
PAWTUCKET, R.I.--(BUSINESS WIRE)--Oct. 19, 2009-- Hasbro, Inc. (NYSE: HAS) today reported net revenues of $1.28 billion, compared to $1.30 billion a year ago, a decrease of 2%. Net revenues grew 1%, excluding the negative $36.0 million impact of foreign exchange. The Company reported net earnings of $150.4 million, or $0.99 per diluted share, compared to $138.2 million or $0.89 per diluted share in 2008. The 2009 third quarter results include a $0.03 per share dilutive impact from the Company’s investment in its joint venture with Discovery Communications and initial investments in Hasbro’s virtual studio. 
“Hasbro performed well in what is continuing to be a challenging global environment. We grew revenues absent the impact of foreign exchange and we grew earnings and earnings per share including the dilution from the investments we are making in our joint venture with Discovery Communications and Hasbro’s virtual studio,” said Brian Goldner, President and Chief Executive Officer. 
“We believe we can grow revenues in 2009 if our consumer retail takeaway continues to improve in line with recent fourth quarter trends. We also continue to believe that the underlying strength of our brands and our commitment to our strategy will enable us to grow earnings per share in 2009, including the expected dilution from our television investment,” Goldner concluded. 
U.S. and Canada segment net revenues were $791.9 million, compared to $821.0 million in 2008. The results reflect a strong performance in the boys category offset by declines in girls, preschool and the games and puzzles category. The U.S. and Canada segment reported an operating profit of $129.1 million, compared to $131.9 million in 2008. 
International segment net revenues were $444.1 million, compared to $460.6 million in 2008. Revenues grew 4%, absent a negative foreign exchange impact of $34.3 million. The results reflect growth in boys and preschool categories offset by declines in the girls and the games and puzzles category. The International segment reported an operating profit of $64.1 million compared to operating profit of $65.8 million in 2008. 
Entertainment and Licensing segment net revenues were $41.6 million, compared to $18.3 million in 2008. The results primarily reflect increases in TRANSFORMERS and G.I. JOE. The Entertainment and Licensing segment reported an operating profit of $19.8 million compared to operating profit of $6.3 million in 2008. The Entertainment and Licensing segment includes television, movies, lifestyle and digital licensing and on-line entertainment operations. 
“As we look to the remainder of the year, we are well positioned with a broad-based portfolio that is both innovative and priced right for today’s value oriented consumer. We will also continue to focus on managing our business efficiently while investing for the long term,” said Deborah Thomas, Chief Financial Officer. 
The Company anticipates dilution of $0.04 to $0.05 per diluted share in the fourth quarter due to the investment in the joint venture with Discovery Communications and Hasbro’s virtual studio. In 2010, the expected dilution is $0.25 to $0.30 per diluted share. 
During the quarter, the Company spent a total of $30.2 million to repurchase 1.1 million shares of common stock. As of quarter end, there was $222.2 million remaining in the current share repurchase authorization from the board of directors. 
The Company will webcast its third quarter earnings conference call at 8:30 a.m. Eastern Time today. To listen to the live webcast, go to http://investor.hasbro.com, and click on the webcast microphone. The replay will be available on Hasbro’s web site approximately 2 hours following completion of the call. 
 

Hasbro, Inc. Announces Key Executive Appointments for Hasbro Studios 
PAWTUCKET, R.I.--(BUSINESS WIRE)--Sep. 21, 2009-- Hasbro, Inc. (NYSE:HAS) announced today the appointment of key executives at the company’s newly formed Hasbro Studios, which is based in Los Angeles. Industry veteran Stephen J. Davis, President of Hasbro Studios, will lead the “virtual” studio, which will produce shows based on Hasbro’s world class brands, deliver new branded content and produce programs from top third party content creators. Many of these shows will run on the new television network created by the joint venture between Hasbro and Discovery Communications (NASDAQ: DISCA, DISCB, DISCK), that is planned to debut Fall 2010, as well as on multiple channels in international markets. 
 

Hasbro Reports Second Quarter Results 
PAWTUCKET, R.I.--(BUSINESS WIRE)--Jul. 20, 2009-- Second Quarter Highlights 
Net revenues of $792.2 million compared to $784.3 million a year ago, an increase of $7.9 million or 1% from a year ago, or an increase of 7% absent the impact of foreign exchange; 
Net earnings of $39.3 million or $0.26 per diluted share compared to $37.5 million or $0.25 per diluted share a year ago; 
Net earnings for the quarter include $0.06 per share dilutive impact from the investment in the joint venture with Discovery Communications and financing costs; 
Operating profit was $73.1 million or 9.2% of net revenues, compared to $65.5 million or 8.4% of net revenues last year; 
Revenue growth driven by strong performances from TRANSFORMERS, LITTLEST PET SHOP, GI JOE, NERF, TONKA and PLAY-DOH. 
Hasbro, Inc. (NYSE: HAS) today reported net revenues of $792.2 million, compared to $784.3 million a year ago, an increase of 1%. Excluding the negative $44.5 million impact of foreign exchange, net revenues increased 7%. The Company reported net earnings of $39.3 million, or $0.26 per diluted share, compared to $37.5 million or $0.25 per diluted share in 2008. The 2009 second quarter results include a $0.06 per share dilutive impact from the Company’s investment in its joint venture with Discovery Communications, inclusive of one-time deal expenses and financing costs associated with its recent issuance of long-term debt. 
“Hasbro performed well in what continues to be a challenging global environment. Our ability to deliver growth in both revenue and earnings per share, while including the dilution from the investment in our joint venture with Discovery Communications, was due to broad based strength across Hasbro’s core brand product portfolio and strong execution globally,” said Brian Goldner, President and Chief Executive Officer.
“For the remainder of this year, we will continue to invest in our business and closely manage our expenses. While there are challenges in 2009, we believe that the underlying strength of our brands and our commitment to our strategy should enable Hasbro to grow revenue and earnings per share, including the impact of our television investment -- absent a material deterioration in the global economy and the value of foreign currencies,” Goldner concluded.
U.S. and Canada segment net revenues were $490.9 million, compared to $467.7 million in 2008. The results reflect growth in TRANSFORMERS, G.I. JOE, LITTLEST PET SHOP, NERF, PLAY-DOH, FURREAL FRIENDS and TONKA. The U.S. and Canada segment reported an operating profit of $56.3 million, compared to $43.7 million in 2008. 
International segment net revenues were $276.2 million, compared to $293.7 million in 2008. The revenues include a negative foreign exchange impact of approximately $42.8 million. The results reflect growth in TRANSFORMERS, G.I. JOE, LITTLEST PET SHOP, NERF, PLAY-DOH and STAR WARS. The International segment reported an operating profit of $16.5 million compared to operating profit of $14.0 million in 2008. 
Entertainment and Licensing segment net revenues were $24.2 million, compared to $21.3 million in 2008. The results reflect increases in TRANSFORMERS, G.I. JOE and NERF. The Entertainment and Licensing segment reported an operating profit of $2.9 million compared to operating profit of $8.0 million in 2008. The 2009 results were impacted by one-time expenses associated with the investment in the joint venture with Discovery Communications. The Entertainment and Licensing segment includes television, movies, lifestyle and digital licensing and on-line entertainment operations. 
“Our business performance in 2009 has continued to meet our expectations. Our integration of the joint venture with Discovery Communications is on track and we are very pleased with the favorable interest rates we were able to obtain on our recent long-term financing,” said Deborah Thomas, Chief Financial Officer. 
Since the investment in the joint venture with Discovery Communications was finalized, the Company has reduced the expected dilution for 2009 and 2010. Due to lower financing costs and joint venture amortization expenses, the 2009 dilution the Company anticipates has been reduced to $0.15 to $0.20 per diluted share from the previous guidance of $0.25 to $0.30 per diluted share. In 2010, the expected dilution has been reduced to $0.25 to $0.30 per diluted share from the previous guidance of $0.30 to $0.35 per diluted share. 

Hasbro, Inc. Closes $425 Million Notes Offering 
PAWTUCKET, R.I.--(BUSINESS WIRE)--May. 13, 2009-- Hasbro, Inc. (NYSE:HAS) today announced the closing of a public offering of $425 million in aggregate principal amount of notes due 2014. The notes will bear interest at a rate of 6.125 percent per annum, beginning May 13, 2009, with semi-annual payments commencing November 15, 2009. Hasbro currently intends to use up to $300 million of the net proceeds from the sale of the notes to pay the purchase price for its 50% interest in a joint venture with Discovery Communications, LLC, and up to $15 million to fund the joint venture’s future cash flow needs. The remainder of the net proceeds may be used for general corporate and working capital purposes, which may include repayment of debt, repurchase of shares of Hasbro’s common stock, capital expenditures and acquisitions. 
Banc of America Securities LLC and RBS Securities Inc. acted as joint book-running managers. This offering was made under an effective registration statement on file with the Securities and Exchange Commission. This press release is not an offer to sell nor is it a solicitation of an offer to buy any securities. Any offers to sell, or solicitations to buy, will be made solely by means of a prospectus and related prospectus supplement filed with the Securities and Exchange Commission. Copies of the prospectus and prospectus supplement may be obtained from the joint book-running managers by contacting Banc of America Securities LLC, Prospectus Department, 100 W. 33rd Street, 3rd floor, New York, NY 10001, (800) 294-1322; or RBS Securities Inc., 600 Steamboat Road, Greenwich, CT 06830, (866) 884-2071. 
 

Hasbro Reports First Quarter Results 
First Quarter Highlights
PAWTUCKET, R.I.--(BUSINESS WIRE)--Apr. 20, 2009-- Hasbro, Inc. (NYSE: HAS) today reported net earnings of $19.7 million, or $0.14 per diluted share, compared to $37.5 million or $0.25 per diluted share in 2008. The Company reported net revenues of $621.3 million, compared to $704.2 million a year ago. The revenue decrease in constant dollars was 6%, excluding the negative $40.2 million impact of foreign exchange. 
“As we communicated earlier this year, we expected revenues to decline in the first quarter due to economic challenges, the impact of foreign exchange and retailers reducing inventory levels,” said Brian Goldner, President and Chief Executive Officer. 
“To drive momentum in our business in the coming quarters, we have new product initiatives across each of our major product categories including preschool, games, girls and boys, including the highly anticipated theatrical releases of TRANSFORMERS: REVENGE OF THE FALLEN, G.I. JOE: RISE OF COBRA and Marvel’s X-MEN ORIGINS: WOLVERINE,” Goldner concluded. 
U.S. and Canada segment net revenues were $404.5 million, compared to $428.5 million in 2008. The results reflect growth in STAR WARS, PLAYSKOOL, NERF and board games, offset by declines in LITTLEST PET SHOP, TRANSFORMERS and MARVEL brands, although these brands continued to contribute significantly to the segment. The U.S. and Canada segment reported an operating profit of $41.6 million, compared to $37.3 million in 2008. 
International segment net revenues were $189.2 million, compared to $248.3 million in 2008. The revenues include a negative foreign exchange impact of approximately $36.1 million. The results reflect declines in TRANSFORMERS, MY LITTLE PONY, ACTION MAN, IN THE NIGHT GARDEN and board games, partially offset by growth in STAR WARS and NERF. Although down year over year, TRANSFORMERS and MARVEL continued to contribute significantly to the segment. The International segment reported an operating loss of $14.5 million compared to operating profit of $13.0 million in 2008. 
“Given the revenue headwinds during the first quarter, including foreign exchange, retailer inventory rebalancing and the later Easter, we took a number of measures that were successful in mitigating the impact of the revenue reduction on profitability,” said David Hargreaves, Chief Operating Officer and Chief Financial Officer. “Based on the strength of our product line, we believe the two most recent quarters will prove to have been the most challenging for Hasbro in this economic cycle. Our balance sheet is strong and we remain focused on investing in our global business for the long term,” Hargreaves concluded. 
The Company will webcast its first quarter earnings conference call at 8:30 a.m. Eastern Time today. To listen to the live webcast, go to http://investor.hasbro.com, click on the webcast microphone. The replay will be available on Hasbro’s web site approximately 2 hours following completion of the call. 
Hasbro, Inc. is a worldwide leader in children’s and family leisure time products and services with a rich portfolio of brands and entertainment properties that provides some of the highest quality and most recognizable play and recreational experiences in the world. As a brand-driven, consumer-focused global company, Hasbro brings to market a range of toys, games and licensed products, from traditional to high-tech and digital, under such powerful brand names as TRANSFORMERS, PLAYSKOOL, TONKA, MILTON BRADLEY, PARKER BROTHERS, CRANIUM and WIZARDS OF THE COAST. Come see how we inspire play through our brands at www.hasbro.com. (C) 2009 Hasbro, Inc. All Rights Reserved. 
Certain statements contained in this release contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include expectations concerning the Company’s future opportunities and the Company’s ability to achieve its financial goals and may be identified by the use of forward-looking words or phrases. The Company's actual actions or results may differ materially from those expected or anticipated in the forward-looking statements due to both known and unknown risks and uncertainties. Specific factors that might cause such a difference include, but are not limited to: (i) the Company's ability to design, manufacture, source and ship new and continuing products on a timely and cost-effective basis, as well as interest in and purchase of those products by retail customers and consumers in quantities and at prices that will be sufficient to profitably recover the Company’s development, manufacturing, marketing, royalty and other costs; (ii) recessions or other economic downturns which negatively impact the retail and credit markets, and the financial health of the Company’s retail customers and consumers, and which can result in lower employment levels, less consumer disposable income, lower consumer confidence and, as a consequence, lower consumer spending, including lower spending on purchases of the Company’s products, (iii) other economic and public health conditions in the markets in which the Company and its customers and suppliers operate which impact the Company's ability and cost to manufacture and deliver products, such as higher fuel and other commodity prices, higher labor costs, higher transportation costs, outbreaks of SARs, bird flu or other diseases which affect public health and the movement of people and goods, and other factors, including government regulations, which can create potential manufacturing and transportation delays or impact costs, (iv) currency fluctuations, including movements in foreign exchange rates, which can lower the Company’s net revenues and earnings, and significantly impact the Company’s costs; (v) the concentration of the Company's customers, potentially increasing the negative impact to the Company of difficulties experienced by any of the Company’s customers; (vi) the inventory policies of the Company’s retail customers, including the concentration of the Company's revenues in the second half and fourth quarter of the year, together with increased reliance by retailers on quick response inventory management techniques, which increases the risk of underproduction of popular items, overproduction of less popular items and failure to achieve tight and compressed shipping schedules; (vii) work stoppages, slowdowns or strikes, which may impact the Company's ability to manufacture or deliver product in a timely and cost-effective manner; (viii) the bankruptcy or other lack of success of one of the Company's significant retailers which could negatively impact the Company's revenues or bad debt exposure; (ix) the impact of competition on revenues, margins and other aspects of the Company's business, including the ability to secure, maintain and renew popular licenses and the ability to attract and retain talented employees in a competitive environment; (x) concentration of manufacturing for many of the Company’s products in the People’s Republic of China and the associated impact to the Company of public health conditions and other factors affecting social and economic activity in China, affecting the movement of products into and out of China, and impacting the cost of producing products in China and exporting them to other countries; (xi) the risk of product recalls or product liability suits and costs associated with product safety regulations; (xii) other market conditions, third party actions or approvals and the impact of competition which could reduce demand for the Company’s products or delay or increase the cost of implementation of the Company's programs or alter the Company's actions and reduce actual results; (xiii) the risk that anticipated benefits of acquisitions may not occur or be delayed or reduced in their realization; and (xiv) other risks and uncertainties as may be detailed from time to time in the Company's public announcements and SEC filings. The Company undertakes no obligation to make any revisions to the forward-looking statements contained in this release or to update them to reflect events or circumstances occurring after the date of this release. 
This presentation includes a non-GAAP financial measure as defined under rules of the Securities and Exchange Commission (“SEC”), specifically EBITDA. As required by SEC rules, we have provided reconciliation on the attached schedule of this measure to the most directly comparable GAAP measure. EBITDA (earnings before interest, taxes, depreciation and amortization) represents net earnings excluding interest expense, income taxes, depreciation and amortization. Management believes that EBITDA is one of the appropriate measures for evaluating the operating performance of the Company because it reflects the resources available for strategic opportunities including, among others, to invest in the business, strengthen the balance sheet, and make strategic acquisitions. However, this measure should be considered in addition to, not as a substitute for, or superior to, net earnings or other measures of financial performance prepared in accordance with GAAP as more fully discussed in the Company's financial statements and filings with the SEC. As used herein, "GAAP" refers to accounting principles generally accepted in the United States of America. This presentation also includes the Company’s Consolidated and International segment net revenues excluding the impact of changes in exchange rates. Management believes that the presentation of Consolidated and International segment net revenues minus the impact of exchange rate changes provides information that is helpful to an investor’s understanding of the underlying business performance absent exchange rate fluctuations which are beyond the Company’s control. 
 
 

Hasbro Reports Full-Year Results and Eighth Consecutive Year of E.P.S. Growth 
PAWTUCKET, R.I.--(BUSINESS WIRE)--Feb. 9, 2009-- Hasbro, Inc. (NYSE: HAS) 
Full-Year Highlights 
Net revenues of $4.0 billion, an increase of $184.0 million or 5% from a year ago; 
Net earnings of $306.8 million, or $2.00 per diluted share, compared to $333.0 million or $1.97 per diluted share in 2007; 
U.S. and Canada segment net revenues up 5% and International segment net revenues up 4% compared to 2007; 
Boys, Girls, Preschool and Tweens up globally compared to a year ago, with growth driven by strong performances from STAR WARS, PLAYSKOOL, NERF, LITTLEST PET SHOP and EASY BAKE, as well as both board and trading card games; 
Balance sheet remains strong, with operating cash flow of $593.2 million over the last 12 months.
Fourth Quarter Highlights
Net revenues of $1.2 billion for the quarter, a decrease of $66.8 million or 5% compared to a year ago; revenues increased 1% excluding the negative $80.1 million impact of foreign exchange; 
U.S. and Canada segment net revenues at $689.5 million were marginally down compared to 2007 and International segment net revenues at $496.8 million were marginally up absent foreign exchange; 
Net earnings of $93.6 million compared to $133.7 million in 2007; 
Earnings per diluted share of $0.62 compared to $0.84 a year ago. 
Hasbro, Inc. (NYSE: HAS) today reported 2008 fourth quarter and full-year results. For the year, the Company reported net earnings of $306.8 million, or $2.00 per diluted share, compared to $333.0 million or $1.97 per diluted share in 2007. The 2007 results include a favorable tax adjustment of $29.6 million or $0.17 per diluted share that was taken in the third quarter. In addition, the 2007 full-year results included expenses of $0.23 per diluted share or $44.4 million, related to the Lucas warrants mark to market. The Company exercised the right to purchase the warrants in the second quarter of 2007. For the year, worldwide net revenues were $4.0 billion, an increase of $184.0 million or 5%, compared to $3.8 billion a year ago. 
For the fourth quarter, the Company reported net revenues of $1.2 billion, compared to $1.3 billion a year ago. Net revenues increased $13.3 million or 1%, excluding the negative $80.1 million impact of foreign exchange. The Company reported net earnings for the quarter of $93.6 million or $0.62 per diluted share, compared to $133.7 million or $0.84 per diluted share in 2007. 
“In a challenging environment, we delivered both revenue and earnings per share growth in 2008, while also continuing to make investments in our future,” said Brian Goldner, President and Chief Executive Officer. “As we look to the year ahead, given the severity of the downturn in global economies, we are focused on keeping costs down, managing our operating cash flow and continuing to invest in our business for the long term. That said, we believe the underlying strength of our brands and commitment to our strategy should enable Hasbro to grow revenue and earnings per share in 2009, absent a material deterioration in economic conditions or the value of foreign currencies.” 
U.S. and Canada segment net revenues were $2.4 billion, an increase of $113.0 million or 5% compared to $2.3 billion in 2007. The growth in revenue is attributable to STAR WARS, PLAYSKOOL, NERF, EASY BAKE, G.I. JOE and trading card and board games, including GUESS WHO, PICTUREKA and SCRABBLE. Additionally, TRANSFORMERS, MARVEL and LITTLEST PET SHOP continued to contribute significantly to the segment. The U.S. and Canada segment reported an operating profit of $283.2 million, compared to $287.8 million in 2007. 
International segment net revenues were $1.5 billion, an increase of $54.5 million or 4% compared to $1.4 billion in 2007. The revenues include a negative foreign exchange impact of approximately $7.4 million. The results reflect growth in LITTLEST PET SHOP, STAR WARS, PLAYSKOOL, NERF, TWISTER and GUESS WHO. Additionally, TRANSFORMERS and MARVEL continued to contribute significantly to the segment. Inclusive of the investment spending in the emerging markets, the International segment reported an operating profit of $165.2 million compared to $189.8 million in 2007. 
“After a very strong performance in the first nine months of the year, the fourth quarter clearly had significant headwinds – the negative impact of foreign exchange and the broad based global economic downturn,” said David Hargreaves, Chief Operating Officer and Chief Financial Officer. “To keep our core brands strong and to drive consumer traffic in the critical selling weeks prior to the holidays, we worked with our global retail partners and put additional promotional programs in place. This resulted in our finishing 2008 in a much better inventory position than we would have otherwise, although it did negatively impact operating profit in the fourth quarter.” 
The Company repurchased a total of 11.7 million shares of common stock during 2008, at a total cost of $357.6 million, leaving $252.4 million remaining in the current share repurchase authorization. Since the inception of its buyback program in June 2005, the Company has repurchased 57.7 million shares at a total cost of $1.4 billion, at an average price of $25.10 per share. In the fourth quarter, the Company did not repurchase any shares. 
The Company will webcast its fourth quarter earnings conference call at 8:30 a.m. Eastern Standard Time today. To listen to the live webcast, go to http://www.hasbro.com, click on “Corporate” at the top of the page, select “Investor Relations,” then click on the webcast microphone. The replay will be available on Hasbro’s web site approximately 2 hours following completion of the call.