Hasbro profits slip 1% in Q4

The holidays weren't as giving as Hasbro had wanted. The nation's second-greatest toymaker saw profits slip 1% through the fourth quarter, when the kind of Hasbro usually produce most of the annual sales. While revenue did rise 4% to $1.3 billion, driven by overseas sales and gains in Hasbro's boys and preschool lines, profits showed up at $139.millions of for your three-month period that ended 12 ,. 25. Sales were off 2% inside the U.S. and Canada to $593 million but rose 8.4% overseas to $669.8 million. Hasbro saw much much softer returns in the women, games and puzzles groups, including Battleship, Monopoly, Risk, Ouija and Chocolate Land, all characteristics being modified into films. "Battleship" sets sail in May. "We did not meet our anticipation for rise in the U.S. and Canada segment, after we experienced weakened demand than we'd anticipated, especially publish-Thanksgiving, including challenges inside the games and puzzles category," mentioned Hasbro leader and Boss John Goldner, adding the organization will put new leadership accountable for the division to boost sales. That group already remains improving boardgames with the help of new interactive technologies or creating digital versions for online play. "We still believe that through a mixture of face-to-face, off-the-board and digital gaming, there's an opportunity to develop our gaming business," Goldner mentioned in the business call with experts. Goldner also thinks adaptations of Hasbro's characteristics as films and tv shows may even help with growing fascination with the toy lanes at retailers. It's products set to pay attention to its growing boys biz across the films "Battleship," "The Astounding-Spider Guy" and "G.I. Joe: Retaliation." Films and tv shows on its kids cabler the Hub aided entertainment and certification revenue climb to $64.millions of from $53.5 million through the quarter. Contact Marc Graser at marc.graser@variety.com