More than meets the eye – Hasbro reports robust Q2 sales

Pawtucket, Rhode Island-based toy giant Hasbro reported a whopping 31% increase in net revenue in Q2 2007 compared to the same period last year. Net revenues were up to US$691.4 million from US$527.8 million in Q2 2006. However, net earnings dropped to US$4.8 million compared to US$27.1 million in 2006 due to a US$36.5 million payout to repurchase outstanding Lucas warrants on the company.
By
July 23, 2007

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About The Author
Gary Rusak is a freelance writer based in Toronto. He has covered the kids entertainment industry for the last decade with a special interest in licensing, retail and consumer products. You can reach him at garyrusak@gmail.com
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