Hasbro reported that its Q4 sales were below expectations due to softer than expected sales in the U.S. and Canada after Thanksgiving. Hasbro still reported 7% growth in revenue over-all vs. 2010, and 4% growth in the 4th quarter.
Hasbro has had some problems in its games and puzzles category recently, despite its rocking Wizards of the Coast sales (see “Hasbro Board Game Declines Depress Stock”); the company did not provide any additional info on which categories were the primary contributors to the holiday sales troubles.
Hasbro is not the only toymaker that had a rocking Q4. Jakks Pacific also let investors know that its Q4 sales were weaker than expected and requiring markdowns.