Cost-cutting Boosts Bottom Line
Posted by ICv2 on October 21, 2002 @ 11:00 pm CT

Hasbro released its Q3 numbers this week and reported net income of $56 million, up from $51 million in the same period last year. Sales declined 8% to $821 million from $893 million last year. Despite the improvement, profits were below analysts' expectations. Revenues were down in all three segments; all three were profitable. In the game segment, sales were particularly soft in licensed trading card games (including Pokemon. In toys, GI Joe was up 82% and Transformers up 65% vs. last year. The international segment was hurt by declining sales of Pokemon and Harry Potter CCGs, and helped by increases in Magic: The Gathering and Transformers. These results do not compare favorably with the other large U.S. toy company, Mattel, whose profits were up 40% in the third quarter, behind Yu Gi Oh, He Man, and SpongeBob, among others (see 'Mattel Has Great Q3').
MORE SHOWBIZ
Ten Speed Graphic Fall 2025 Catalog
July 11, 2025
Ten Speed Graphic has released its Fall 2025 catalog.
Michigan Ave., Chicago, July 5, 2025
July 11, 2025
We visited the POP MART store on a high-visibility stretch of Michigan Avenue in Chicago, Illinois on July 5, 2025.
MORE GAMES
At Recent Heritage Auction; Frazetta Original Comic Art Closes Over $1 Million
July 11, 2025
An Action Comics #1 cover wrap hammered at over $400,000 at Heritage Auctions' June 26-29, 2025 Comic & Comic Art Signature Auction.
As Chief Growth Officer
July 11, 2025
Paizo, Inc. has hired Christian Moore as their Chief Growth Officer, the company announced.