Hasbro released its Q4 and full year 2013 results on Monday, reporting a down, but profitable year. Sales for the quarter and year were both down slightly; profits were down to $286.2 million, vs. $336.0 million in 2012.
The drain on sales came from the boys segment, which was down 16% for the year due to declines in Beyblade and Marvel product (which had tough comps vs. 2012, an Avengers year).
Games were a bright spot, with sales up 2% for the quarter and 10% for the year. And as has been the case in recent quarters, Hasbro CEO Brian Goldner called out Wizards of the Coast and Magic: The Gathering for special praise. Magic: The Gathering was "up more than 20%" for the year, Goldner said on the earnings call as transcribed by Seeking Alpha; and Wizards of the Coast was up 23% overall.
Goldner also talked about the planned Magic: The Gathering movie. "There is a lot of storytelling across the Magic mythology, much like Transformers, for many, many years," he said. "And we’re excited about that. It’s going to be a few years off; we have to make sure we get a great script with great characters and great story first and foremost."
The Girls segment was up even more than Games, with a 19% increase for the quarter and a 26% increase for the year. Key brands in the growth story were My Little Pony and Furby.
Investors liked the news, despite the down year; shares were up 4.5% at the close Monday.
Boys Toys Down
Posted by ICv2 on February 10, 2014 @ 10:10 pm CT
MORE NEWS
Through Asmodee
January 17, 2025
Asmodee is releasing For a Crown, a game about dynastic intrigue from Repos Productions.
Updates and Reskins 2020's 'Beyond the Sun'
January 17, 2025
Capstone Games is releasing Beyond the Horizon, an updated and reskinned version of 2020’s Beyond the Sun.
MORE GAMES
With Retailer and Premier Events and World Championship
January 17, 2025
Ghost Galaxy has revealed plans for local Retailer events, regional Premier events, and a world championship to support KeyForge in 2025.
With New 'Champions of Slaanesh' Army Set
January 17, 2025
Games Workshop will release Champions of Slaanesh Army Set for Warhammer 40,000.