Hasbro Q3 earnings and profit increasedStaff Writer | October 17, 2016
Hasbro posted better-than-expected third-quarter earnings thanks to a strong performance from the Games and Girls segments.
Hasbro Net revenue in the U.S. and Canada was up 16%
Meanwhile, revenue was up 14% to $1.68bn, with growth in all major operating segments. Hasbro said revenues included a negative $2.8m impact from foreign exchange.
Net revenue in the U.S. and Canada was up 16% to $932.8m, while the International segment saw revenue rise 13% to $690.7m. The Entertainment and Licensing business saw revenue climb 8% to $56.1m.
The company said revenue growth in the Girls and Games category more than offset declines in the Preschool category and limited growth in Boys.
Girls revenue was up 57% to $462m, while Games revenue rose 13% to $409.5m. Boys revenue was up just 2% at $605.5m while the Preschool category saw an 8% drop to $202.8m. ■