Hasbro Announces Preliminary Results for the Fourth Quarter and Full-Year 2011
Company to Report Final Fourth Quarter and Full-Year 2011 Results on
The Company expects to report 2%-4% growth in earnings per diluted share
for 2011 versus
"We continue to invest in the global transformation of Hasbro's business
for the medium and long-term. This enabled us to deliver a record top
line performance for 2011 driven by growth in several brands as well as
strong growth internationally," said
Note: The Company's reported 2011 earnings per diluted share will
include the impact of a
Fourth Quarter and Full-Year 2011 Earnings Conference Call
The Company will provide more detailed information about its fourth
quarter and full-year results on
Certain financial and statistical information included in the webcast, such as information required by Regulation G, will be available at the time of the webcast in the "Press Releases" section of Hasbro's website at www.hasbro.com, under "Investor Relations."
About Hasbro
Hasbro
(NASDAQ: HAS) is a branded play company providing children and families
around the world with a wide-range of immersive entertainment offerings
based on the Company's world class brand portfolio. From toys and games,
to television programming, motion pictures, video games and a
comprehensive licensing program, Hasbro strives to delight its customers
through the strategic leveraging of well-known and beloved brands such
as TRANSFORMERS, LITTLEST PET SHOP, NERF, PLAYSKOOL, MY LITTLE PONY,
G.I. JOE, MAGIC: THE GATHERING and MONOPOLY. The Hub, Hasbro's
multi-platform joint venture with
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
performance in 2011 and the Company's potential performance in 2012 and
beyond, including with respect to its revenues and earnings per share,
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, 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 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) 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; (v) 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; (vi) 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; (vii) greater than expected costs, or unexpected
delays or difficulties, associated with the Company's investment in its
joint venture with
HAS-E
(Investor Relations)
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(News
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