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Hello, TRANSFORMERS fans!
The time has come for the public at large to select two Fans’ Choice robot inductees to make up the class of 2013 for the TRANSFORMERS Hall of Fame! Drawn from an open nomination process as voted upon by the readers of TRANSFORMERS fan sites, the five beloved TRANSFORMERS characters who garnered the most votes are now online at TRANSFORMERS.COM for an open vote. The two characters who receive the most votes by 11:59 p.m. ET on June 21st will be inducted into the TRANSFORMERS Hall of Fame!
The five nominees, in alphabetical order, are:
ARCEE
MEGATRON (Beast Wars)
PROWL
RODIMUS/HOT ROD
ULTRA MAGNUS
Please let your readers know that the voting period is open from now until 11:59 p.m. ET on June 21st. The two characters receiving the most fan votes in the final polling will be announced at Hasbro’s panel on Saturday, June 29th, at TRANSFORMERS BotCon in San Diego!
Roll Out!
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DeNA and HASBRO are kicking off a special in-game event today for the popular action card battle mobile game TRANSFORMERS: LEGENDS. Beginning today at 5 pm PT through June 20th at 5 pm PT players can take part in Heavy Metal War, Part 1 and ride along with Long Haul, Hook and Bonecrusher to make a daring attack against the Autobots!
About Heavy Metal War, Part 1:
Megatron has challenged Optimus Prime to a duel, with nothing less than the right to stay on Earth at stake! However, the battle is just a distraction, and the Constructicons are headed to infiltrate the Autobot base and strike directly at Teletraan I. Ironhide, Wheeljack, Ratchet and Brawn are the only Autobots left to stop the Constructicons, and they have vowed to mount a mighty defense.
Download TRANSFORMERS: LEGENDS for free at:
http://mobage.com/games/TRANSFORMERS-LEGENDS
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Prepare for your favorite IDW comics to get a little more animated than usual this September! All month long, IDW will be publishing special “IDW GETS ANIMATED” variant covers rendered in vein of classic cartoons! Ever wondered what The X-Files’ Mulder and Scully would look like as colorful, hijinks-having monster chasers? Ever wanted to see the mighty Judge Dredd as a rubber-jointed 70’s warrior? OF COURSE YOU HAVE!
Luckily for you, intrepid reader, so have we! This September only, eager fans will be able to find the following titles with special “IDW GETS ANIMATED” variant covers:
While the content of the books will be the same, these variant covers are going to be a vivid blast of cartoon madness. It’s going to be a fun month to say the least, so fans are urged to drop their local comic shop a line and reserve their copies now!
Black Dynamite #1 by Six Point Harness Studios
Danger Girl: The Chase #1 by Loston Wallace
Doctor Who #13 by Blair Shedd
Ghostbusters #8 by Dan Schoening
G.I. Joe: A Real American Hero #194 by Jim Rugg
Judge Dredd #11 by Phil Postma
Popeye Classics #14 by Jack Mendelsohn
Teenage Mutant Ninja Turtles New Animated Adventures #3 by Tanya Roberts
T.H.U.N.D.E.R. Agents #2 by The Sharp Brothers
Transformers: More Than Meets the Eye #21 by Andy Suriano
The X-Files: Season 10 #4 by The Sharp Brothers
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THE HUNT IS ON: TRANSFORMERS PRIME BEAST HUNTERS TOUR HITS THE UK
“A new fearsome faction of TRANSFORMERS beasts has arrived on earth to threaten the AUOTBOTS, who must now evolve into BEAST HUNTERS to fight them…”
To celebrate the launch of the new TRANSFORMERS PRIME BEAST HUNTERS, the OPTIMUS PRIME truck is embarking on a UK tour where fans will get the chance to ‘choose their side’ and discover the new range.
Based on the third season of the Emmy Award-winning animated series TRANSFORMERS PRIME, TRANSFORMERS PRIME BEAST HUNTERS, the AUTOBOTS face off against both the DECEPTICONS and an unprecedented new foe: the dragon-like PREDACONS, led by the spectacular PREDAKING character! Hasbro’s 2013 TRANSFORMERS PRIME product line will be based on the new BEAST HUNTERS story and will feature many of the new PREDACON characters as well as new designs for favourite characters like OPTIMUS PRIME, BUMBLEBEE and more.
Accompanying the replica of the AUTOBOTS leader will be an interactive TRANSFORMERS Station that will showcase the new range of BEAST HUNTERS toys alongside viewings of the thrilling new DVD series TRANSFORMERS PRIME, digital play areas and the opportunity for fans to have a customisable picture taken with OPTIMUS PRIME and the new BEAST HUNTERS against a green screen.
The OPTIMUS PRIME truck and TRANSFORMERS Station will be at the following events this Summer:
Royal Highland Show, Edinburgh: 20th-23rd June
Fairford Airshow, Swindon: 20th-21st July
Sunderland Airshow: 27th-28th July
Bristol Airshow: 8th-11th August
Lollibop, London: 16th-18th August
Bournemouth Show: 29th August-1st September
For more information on the OPTIMUS PRIME truck and TRANSFORMERS Station, please contact Hasbro@biteglobal.com / 020 8741 1123
Also coming this Summer is the new TRANSFORMERS PRIME: SERIES ONE – DECEPTICONS UNLEASHED on DVD. The latest series sees the Transformers face their toughest challenge yet in their quest to save OPTIMUS PRIME - a must-see for any Transformers fan! The DVD is available at all major retailers and via digital download from June 24th, priced at £10.99.
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HUB NETWORK KICKS OFF PLANS
FOR COMIC-CON INTERNATIONAL: SAN DIEGO
Online Sweepstakes Rewards Winner With Trip for Two,
Including Airfare, Hotel, Spending Money and Four-Day Pass to Event
Additional Network Activities Include “Hub Network’s My Little Pony Fan Favorite Poll” Voting Booth and a Live Aquabats Rock Concert for Kids of All Ages
LOS ANGELES — Hub Network, a destination for kids and their families, returns to Comic-Con International: San Diego with the ultimate fan experience that includes an online sweepstakes for viewers to win a trip to this year’s four-day event, a voting booth opportunity for fans to express why they love their favorite pony from Hasbro Studios’ popular animated series “My Little Pony Friendship is Magic,” and a live rock concert featuring the cast from the Daytime Emmy® Award-nominated “The Aquabats! Super Show!”
“The Hub’s Win a Trip to Comic-Con Sweepstakes” will award one lucky winner a trip for two to the 2013 San Diego Comic-Con International conference. Beginning Saturday, June 1 through Sunday, June 9, viewers can go to http://www.hubworld.com/comic to enter to win a Grand Prize that includes:
· A trip for two to San Diego, Calif. from July 17–21, 2013
· Round-trip airfare and hotel
· Two 4-day passes to Comic-Con International: San Diego
· $500 spending money
The winner will be randomly selected from all entries. Entrants can get more details and the official rules at http://www.hubworld.com/comic.
Additionally, Hub Network plans to create a cross-platform event at their Comic-Con International booth (#4118), allowing fans to express why they love their favorite pony from Hasbro Studios’ popular animated series “My Little Pony Friendship is Magic.” “Hub Network’s My Little Pony Fan Favorite Poll” asks fans to elect their “fan favorite” pony from the “mane six” (Twilight Sparkle, Fluttershy, Pinkie Pie, Rarity, Rainbow Dash, and Applejack). In addition to voting, fans have the opportunity to go into a video booth to record a testimonial that could end up on Hubworld.com or on national TV during the “Hub Network’s My Little Pony Fan Favorite Poll” winner marathon on Sunday, September 1 (10:00 a.m. - noon ET).
Immediately following Comic-Con, on Monday, July 22, Hubworld.com will open up voting to the rest of America at Hubworld.com/vote4ponies, where fans can vote once a day and play online games to earn up to ten more votes daily.
Finally, for the third year in a row, the cast from “The Aquabats! Super Show!” returns to Comic-Con International in San Diego ready for battle with a concert designed to recap their first two seasons of rockin’ crime-fighting adventures and to showcase their extraordinarily unique musical talents at the House of Blues on Thursday, July 18 at 8 p.m. PT (Doors open at 7 p.m.). Blending live-action comedic sketches with animation segments and awesome music, the concert promises to be a ridiculously fun event for kids of all ages. Tickets can be purchased in advance starting June 21 directly through the House of Blues at: http://www.houseofblues.com/venues/clubvenues/sandiego/
About Hub Network
Hub Network is a multi-platform joint venture between Discovery Communications (NASDAQ: DISCA, DISCB, DISCK) and Hasbro, Inc., (NASDAQ: HAS) with a goal of entertaining, enlightening, empowering and educating children and their families. The cable and satellite television network features original programming as well as content from Discovery's library of award-winning children's educational programming; from Hasbro's rich portfolio of entertainment and educational properties built during the past 90 years; and from leading third-party producers worldwide. Hub Network’s lineup includes animated and live-action series, as well as specials, game shows, and family-favorite movies. The network extends its content through a robust and engaging online presence at http://www.hubworld.com. Hub Network rebranded from Discovery Kids on October 10, 2010, and is available in nearly 73 million U.S. households. The Hub Network logo and name are trademarks of Hub Television Networks, LLC. All rights reserved.
To find the channel in your area, please visit http://www.hubworld.com and check the channel locator at the top of the page.
Visit Hub Network on Facebook at http://www.facebook.com/hubtvnetwork
Note: For artwork, visit http://press.discovery.com/us/hub/
--Hub Network
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Transformers fans - you did an amazing job voting on the first five questions of the Fan Built Bot Poll, but our designers still need more information! We have four more important questions we need your votes on. Remember to vote every day! Voting will close end of day on May 17, 2013!
IMPORTANT BULLETIN! HASBRO'S "TRANSFORMERS FAN BUILT BOT" POLL ENTERS CRUCIAL FINAL PHASE
Fans Helped Design a New Transformers Character…Now They Must Help Name It and More!
The first round of voting is complete in the Fan Built Bot poll, which for the first time in history allows fans of the Hasbro, Inc. TRANSFORMERS brand to help create a new TRANSFORMERS character that will be forever added to the TRANSFORMERS world. In anticipation of the TRANSFORMERS’ brand 30th anniversary in 2014, the “Fan Built Bot” Poll now enters its second and final voting phase, allowing fans to select the Fan Built TRANSFORMERS character's name, gender, origin and specialty!
Hasbro's designers are busy reviewing the fan choices from the first phase of the poll and designing the visual look of the new TRANSFORMERS character that will be introduced into the brand's rich lore, and will be produced as an action figure in next year's "TRANSFORMERS Thrilling 30" anniversary line. Voting on the four new questions begins today at TRANSFORMERS.COM/vote, and fans are encouraged to vote every day until this round of polling closes on May 17th.
The results of both rounds of the poll will be announced by Hasbro at this year’s Comic-Con International in San Diego, as part of the official kick-off to Hasbro’s TRANSFORMERS “Thrilling 30” anniversary celebration. While results of the first round of voting are a tightly held secret, a careful reading of Round 2's questions may provide some hints. "We're not prepared to say which alt-mode won the polling in round one," said Jay Duke, vice president of the TRANSFORMERS brand at Hasbro. “But a close reading of the name choices may provide a hint at what we’re designing. Stay tuned to find out more!"
For further information visit the official polling page at TRANSFORMERS.COM/vote as well as the TRANSFORMERS Facebook page at Facebook.com/Transformers.
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Hasbro Reports Growth for the First Quarter 2013
Revenues, Operating Profit and Earnings Per Share Increase Year-over-Year Absent Charges
- Net revenues increased 2% to $663.7 million for the first quarter 2013 versus $648.9 million for the first quarter 2012; U.S. and Canada segment up 4%; International segment flat; Entertainment and Licensing segment up 5%;
- Operating Profit increased 47% to $39.6 million, excluding $28.9 million in charges associated with restructuring actions in 2013 and $11.1 million in 2012;
- Net earnings increased 30% to $6.6 million or $0.05 per diluted share, excluding the restructuring charges and favorable tax adjustments of $5.5 million in the first quarter 2013 and restructuring charges in 2012;
- As reported, first quarter 2013 net loss of $6.7 million, or ($0.05) per diluted share compared to a first quarter 2012 net loss of $2.6 million, or ($0.02) per diluted share;
- The Games, Girls and Preschool categories grew in the quarter;
- Growth across vast majority of Franchise Brands; Greater than 30% revenue growth in MY LITTLE PONY, MAGIC: THE GATHERING and PLAY-DOH; MARVEL up more than 20%.
PAWTUCKET, R.I.--(BUSINESS WIRE)-- Hasbro, Inc. (NASDAQ: HAS) today reported financial results for the first quarter 2013. Net revenues for the quarter increased 2% to $663.7 million compared to $648.9 million in 2012. First quarter 2013 net revenues include a negative $3.3 million impact of foreign exchange.
As reported, the net loss for the first quarter 2013 was $6.7 million, or ($0.05) per diluted share compared to a net loss of $2.6 million, or ($0.02) per diluted share, in 2012. The first quarter 2013 was a 13-week period compared to the first quarter 2012 which was a 14-week period.
As adjusted, net earnings for the first quarter 2013 increased 30% to $6.6 million, or $0.05 per diluted share. This excludes pre-tax charges of $28.9 million, or $0.14 per diluted share, associated with previously disclosed restructuring actions as well as favorable tax adjustments of $5.5 million, or $0.04 per diluted share. First quarter 2012 net earnings were $5.1 million, or $0.04 per diluted share, excluding $11.1 million, or $0.06 per diluted share, of restructuring charges.
"We entered 2013 with a heightened focus on our brands, organization and profitability, and delivered a good start to the year. In the first quarter, our global Hasbro teams generated revenue growth and strong underlying profitability growth," said Brian Goldner, Hasbro's President and Chief Executive Officer. "We are creating innovative consumer experiences across our brand blueprint globally while improving efficiencies and focus throughout our business. Our emerging markets continued to post double-digit revenue gains while the U.S. and Canada team delivered another quarter of revenue growth backed by profitability improvement. The re-invention of our Games business led to another quarter of revenue growth in the Games category while brand innovation and new initiatives delivered gains in the Girls and Preschool categories."
Cost Savings Initiative
As previously announced, the Company is undertaking a cost savings initiative designed to better align resources and costs while targeting $100 million in annual savings by 2015.
During the first quarter 2013, the Company incurred $28.9 million in pre-tax charges, or $0.14 per diluted share, associated with this initiative. The Company currently expects full year charges of $30 to $35 million, prior to potential pension charges. Potential pension charges could be up to $10 million dependent on the type of benefit payments pension participants request during the remainder of 2013.
Gross savings for 2013 are now expected to be $45 to $48 million, resulting in expected net savings of $13 to $15 million for the full-year, prior to potential pension charges.
Note: 2013 restructuring charges are primarily in Corporate and Eliminations. $1.7 million is in the Entertainment and Licensing segment. See attached table: Supplemental Financial Data, Restructuring Charges.
U.S. and Canada segment net revenues increased 4% to $342.1 million compared to $329.0 million in 2012. The results reflect growth in the Girls and Games categories. The U.S. and Canada segment reported 162% growth in operating profit to $37.7 million compared to $14.4 million in 2012.
International segment net revenues were essentially flat at $289.8 million compared to $289.7 million in 2012. Net revenues in the International segment grew 1% excluding a negative $3.0 million impact of foreign exchange. Revenues in the International segment reflect growth in Latin America and Asia Pacific as well as the Games, Girls and Preschool categories. The International segment reported an operating loss of $4.5 million compared to an operating loss of $5.1 million in 2012.
Entertainment and Licensing segment net revenues increased 5% to $30.8 million compared to $29.3 million in 2012. The segment primarily benefited from the sale of television programming. The Entertainment and Licensing segment reported an operating profit of $5.3 million compared to $7.7 million in 2012.
For the first quarter 2013, net revenues in the Boys category decreased 20% to $242.8 million. MARVEL, NERF and G.I. JOE product revenues grew in the quarter, while several brands faced difficult comparisons with the first quarter 2012.
The Games category continued its positive momentum from year end, posting 26% revenue growth in the first quarter 2013 versus last year. Games that grew in the quarter include MAGIC: THE GATHERING products, Boys Action Gaming with ANGRY BIRDS STAR WARS and TRANSFORMERS games, the re-invention of TWISTER with the TWISTER RAVE line in Girls Gaming and MONOPOLY which was led by a tremendously successful global campaign to "Save Your Token."
The Girls category also continued its year-end growth trend, increasing 23% in the quarter. FURBY, MY LITTLE PONY and ONE DIRECTION products contributed to the year-over-year gains.
The Preschool category also grew in the first quarter, increasing 8% to $75.2 million. PLAY-DOH and PLAYSKOOL HEROES brands continued to grow in the quarter.
Dividend and Share Repurchase
On February 6, 2013, Hasbro declared a quarterly cash dividend of $0.40 per common share, an increase of $0.04 per share, or 11%, from the previous quarterly dividend of $0.36 per common share. The dividend will be payable on May 15, 2013 to shareholders of record at the close of business on May 1, 2013.
During the first quarter 2013, the Company repurchased a total of 519,600 shares of common stock at a total cost of $20.2 million and an average price of $38.81 per share. At quarter end, $107.1 million remained available in the current share repurchase authorization.
Hasbro will webcast its first quarter 2013 earnings conference call at 8:30 a.m. Eastern Time today. To listen to the live webcast, please go to http://investor.hasbro.com. The replay of the call will be available on Hasbro's web site approximately 2 hours following completion of the call. Additionally, presentation slides associated with today's conference call are available on Hasbro's website at http://investor.hasbro.com.
About Hasbro
Hasbro, Inc. (NASDAQ: HAS) is a branded play company dedicated to fulfilling the fundamental need for play for children and families through creative expression of the Company's world class brand portfolio, including TRANSFORMERS, MONOPOLY, PLAY-DOH, MY LITTLE PONY, MAGIC: THE GATHERING, NERF, LITTLEST PET SHOP and G.I. JOE. From toys and games, to television programming, motion pictures, digital gaming and a comprehensive licensing program, Hasbro strives to delight its global customers with innovative play and entertainment experiences, in a variety of forms and formats, anytime and anywhere. The Company's Hasbro Studios develops and produces television programming for more than 170 markets around the world, and for the U.S. on The Hub TV Network, part of a multi-platform joint venture between Hasbro and Discovery Communications (NASDAQ: DISCA, DISCB, DISCK). Through the Company's deep commitment to corporate social responsibility, including philanthropy, Hasbro is helping to build a safe and sustainable world for future generations and to positively impact the lives of millions of children and families every year. It has been recognized for its efforts by being named one of the "World's Most Ethical Companies," is ranked as one of Corporate Responsibility Magazine's "100 Best Corporate Citizens" and was named in the top 10 of the Civic 50 for its efforts to improve the quality of life in the communities where it does business. Learn more at www.hasbro.com.
© 2013 Hasbro, Inc. All Rights Reserved.
HAS-E
Certain statements 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 potential performance in the future, including with respect to its planned cost savings initiative and profitability, and the Company's ability to achieve its other financial and business 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, develop, produce, 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) global economic conditions, including recessions, credit crises or other economic shocks or downturns affecting the United States, Europe or any of the Company's other markets which can negatively impact the retail and/or credit markets, the financial health of the Company's retail customers and consumers, and consumer and business confidence, and which can result in lower employment levels, less consumer disposable income, and lower consumer spending, including lower spending on purchases of the Company's products; (iii) other factors which can lower discretionary consumer spending, such as higher costs for fuel and food, drops in the value of homes or other consumer assets, and high levels of consumer debt; (iv) potential difficulties or delays the Company may experience in implementing cost savings and efficiency enhancing initiatives in an effective manner; (v) 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 disease 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; (vi) 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; (vii) 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 or changes by the Company's customers in their purchasing or selling patterns; (viii) greater than expected costs, or unexpected delays or difficulties, associated with The Hub TV Network, the Company's joint venture television network with Discovery Communications, LLC, Hasbro Studios, or the creation of new content to appear on The Hub TV Network and elsewhere; (ix) consumer interest in and acceptance of The Hub TV Network, and programming created by Hasbro Studios, and other factors impacting the financial performance of the network and Hasbro Studios; (x) the inventory policies of the Company's retail customers, including retailers' potential decisions to lower the inventories they are willing to carry, even if it results in lost sales, as well as the concentration of the Company's revenues in the second half and fourth quarter of the year, which coupled with reliance by retailers on quick response inventory management techniques increases the risk of underproduction of popular items, overproduction of less popular items and failure to achieve tight and compressed shipping schedules; (xi) delays, increased costs or difficulties associated with any of our planned media initiatives; (xii) work stoppages, slowdowns or strikes, which may impact the Company's ability to manufacture or deliver product in a timely and cost-effective manner; (xiii) 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; (xiv) 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; (xv) 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; (xvi) the risk of product recalls or product liability suits and costs associated with product safety regulations; (xvii) 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; and (xviii) other risks and uncertainties as may be detailed from time to time in the Company's public announcements and Securities and Exchange Commission ("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 press release includes a non-GAAP financial measure as defined under SEC rules, specifically EBITDA. EBITDA represents net earnings excluding interest expense, income taxes, depreciation and amortization. As required by SEC rules, we have provided reconciliation on the attached schedule of this measure to the most directly comparable GAAP measure. 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 press release also includes the Company's International segment net revenues excluding the impact of changes in exchange rates. Management believes that the presentation of International segment net revenues excluding 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. Also presented is the Company's 2013 and 2012 costs and expenses and operating profit excluding the impact of restructuring charges, 2013 net earnings and diluted earnings per share excluding restructuring charges and certain net favorable discrete tax benefits, and 2012 net earnings and diluted earnings per share excluding restructuring charges. Management believes that presenting this data excluding restructuring charges assists investors understanding of the underlying performance of the results of operations. Further, while the 2013 net favorable discrete tax adjustments were not unusual, due to the relative size of earnings in the first quarter of 2013, these adjustments had a significant favorable impact on the reported results.
Hasbro, Inc.
Debbie Hancock
Investor Relations
or
Wayne Charness
News Media
Source: Hasbro, Inc.
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