Hasbro (HAS) Tops Q1 EPS by 14c
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Hasbro Reports Revenue, Operating Profit and Net Earnings Growth for First Quarter 2016
April 18, 2016 6:30 AM EDTFirst quarter 2016 revenues grew 16% to $831.2 million; Absent a negative $28.6 million impact of foreign exchange, first quarter 2016 revenues grew 20%; First quarter 2016 revenues grew 28% in the U.S. and Canada segment and 13% in the International segment; Absent the negative impact of foreign exchange, International segment revenues increased 22%; Growth in the Boys (+24%), Girls (+41%) and Preschool (+11%) categories; Franchise Brand revenues up 1% as reported and 4% absent foreign exchange; STAR WARS, DISNEY PRINCESS and DISNEYS FROZEN product revenues further contributed to growth; Operating profit increased 59% and net earnings increased 83% to... More
