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.
July 23, 2007
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