Bad news for Hasbro, 1st quarter profit down 71%

Discussion in 'Transformers News and Rumors' started by Toyzaremine, Apr 14, 2011.

  1. Toyzaremine

    Toyzaremine Well-Known Member

    Joined:
    Apr 20, 2007
    Posts:
    5,029
    News Credits:
    7
    Trophy Points:
    337
    Location:
    Flo Rida
    Likes:
    +2,372
  2. AutobotMaximal

    AutobotMaximal Covert Collector

    Joined:
    Dec 5, 2002
    Posts:
    753
    Trophy Points:
    207
    Likes:
    +11
    It's no surprise to me. I haven't seen new products on retail shelves much this year. I mean, there has been little to no movement on most of those isles. People aren't buying the old stuff, so the stores aren't moving in any new stuff.
     
  3. Ktulu

    Ktulu Whoosh TFW2005 Supporter

    Joined:
    Jul 2, 2002
    Posts:
    15,007
    News Credits:
    3
    Trophy Points:
    397
    Likes:
    +132
    It does say that the "boys toys" were their strong point however
     
  4. Thenames9

    Thenames9 D-d-d-d-duel!

    Joined:
    Jun 18, 2009
    Posts:
    5,840
    News Credits:
    29
    Trophy Points:
    247
    Likes:
    +58
    Wait until Summer.
     
  5. Digilaut

    Digilaut Well-Known Member

    Joined:
    Aug 29, 2008
    Posts:
    11,512
    News Credits:
    15
    Trophy Points:
    362
    Likes:
    +1,633
    Well, that's too bad, but as is explained in the article itself, it's partly because we just got out of the holiday season, so people will spend less.
    Next to that, Hasbro has been investing into things like the Hub, an investment that will hopefully allow them to pick the fruits of later on.
    And the third thing to keep in mind: they've got multiple new toylines ready for the upcoming months.

    a 71 percent drop sounds scary, but at least a portion of that drop makes good sense.
     
  6. Transbot90210

    Transbot90210 Banned

    Joined:
    Jul 1, 2002
    Posts:
    14,846
    News Credits:
    7
    Trophy Points:
    236
    Likes:
    +23
    As mentioned ...no surprises here. The first quarter showed little to no new product on the shelves for TFs (one of their big boys)
     
  7. canonball

    canonball Well-Known Member

    Joined:
    Aug 15, 2007
    Posts:
    1,352
    News Credits:
    2
    Trophy Points:
    126
    Likes:
    +3
    Do yourself a favor and read the article before commenting. It plainly states that boys' toys, which includes Transformers, was the one bright spot in sales.
     
  8. Ash from Carolina

    Ash from Carolina Junior Smeghead

    Joined:
    Mar 24, 2007
    Posts:
    15,966
    Trophy Points:
    337
    Likes:
    +3,232
    Not shocking when you consider just how huge Hasbro is that not all of it's brands would fly off the shelves all year long.

    On the bright side with the action figures doing well for Hasbro even though many stores were doing a horrible job of restocking after the holidays that means Hasbro will consider to see the action figure junkies as an important part of their business.
     
  9. Transbot90210

    Transbot90210 Banned

    Joined:
    Jul 1, 2002
    Posts:
    14,846
    News Credits:
    7
    Trophy Points:
    236
    Likes:
    +23
    But we only contribute to 10% of sales. LMAO
     
  10. Transbot90210

    Transbot90210 Banned

    Joined:
    Jul 1, 2002
    Posts:
    14,846
    News Credits:
    7
    Trophy Points:
    236
    Likes:
    +23


    Do yourself a favour and comment on the topic on hand and not on what others have to say....in the very least make a comment about the topic after insulting a board member.
     
  11. Fit For natalie

    Fit For natalie tfwiki nerd

    Joined:
    Sep 12, 2002
    Posts:
    7,219
    News Credits:
    11
    Trophy Points:
    211
    Likes:
    +24
    The comments in that story make my head hurt. If it were not a business site, I'd say it's just trolls.
     
  12. doomboy536

    doomboy536 Universe Onslaught fanboy

    Joined:
    Sep 17, 2008
    Posts:
    7,586
    News Credits:
    3
    Trophy Points:
    287
    Likes:
    +773
    Ebay:
    I think it's full of people from another generation who just like to complain just as much as my grandparents do :lol 

    But yeah, let's have a little look at this article.

    There's nothing to worry about. This summer, Hasbro is going to make a shed load of cash.

    So the situation is not as bad as some people thought it was.

    Speaks for itself really. Remember that a lot of companies make over 70% of their yearly profit during the holiday season.

    That's a heck of an increase.

    Whilst the decline of the US and Canadian markets is sad, it's smart of Hasbro to promote growth in their international markets.

    So dudes, all is well.
     
  13. videriant

    videriant Well-Known Member

    Joined:
    Sep 11, 2007
    Posts:
    8,003
    News Credits:
    5
    Trophy Points:
    337
    Location:
    Space City, TX (SE, aka Pearland)
    Likes:
    +977
    Ebay:
    It's a 71% drop from 2010 Q1 to 2011 Q1. Typical for a non-movie year along with all the other items mentioned.
     
  14. 03Mach1

    03Mach1 Logic has been replaced with blind ignorance.

    Joined:
    Dec 9, 2002
    Posts:
    16,928
    News Credits:
    7
    Trophy Points:
    387
    Likes:
    +2,780
    Ebay:
    2011 is a movie year.
     
  15. rapid_fire

    rapid_fire Banned

    Joined:
    Jun 22, 2003
    Posts:
    6,845
    Trophy Points:
    367
    Location:
    Peterborough, On
    Likes:
    +5,454
    can't say im suprised. New series (Prime) but no toys! They made that mistake with Animated. All they have out are random toys of random characters, and a lot of boring movie toys that have nothing to do with the movies.
     
  16. Mobb One

    Mobb One Godmaster

    Joined:
    Jun 8, 2008
    Posts:
    2,960
    News Credits:
    2
    Trophy Points:
    312
    Location:
    Manhattan, NY
    Likes:
    +2,070
    lower than expected earnings is a cause for concern. If we're to take hasbro's word at face value then much of the decrease in net income can be attributed to investment in assets like the hub.

    however, there was a report the other day that hasbro attributed some drops in operating profit from depreciation, which is just an accounting manipulation technique so that gives me some pause.

    Hmm...good thing I only bought a few shares.
     
  17. FanimusMaximus

    FanimusMaximus Well-Known Member

    Joined:
    Jun 26, 2009
    Posts:
    16,788
    News Credits:
    3
    Trophy Points:
    337
    Location:
    Florida
    Likes:
    +1,009
    Well I think the second and third quarter is gonna change that.
     
  18. shroobmaster

    shroobmaster Well-Known Member

    Joined:
    Oct 18, 2007
    Posts:
    13,627
    News Credits:
    30
    Trophy Points:
    262
    Likes:
    +52
    2011 is a movie year.

    But the first quarter is still movie-less.
     
  19. Dinobot Nuva

    Dinobot Nuva Johnny 3 Tears Veteran

    Joined:
    Apr 2, 2006
    Posts:
    9,112
    News Credits:
    16
    Trophy Points:
    347
    Likes:
    +5,655
    Except, earnings were higher than expected.
     
  20. wolfe

    wolfe Well-Known Member

    Joined:
    Jan 25, 2007
    Posts:
    5,919
    Trophy Points:
    247
    Location:
    Jefferson County, MO
    Likes:
    +74
    Ebay:
    I really wouldnt call this bad news since they beat the revenue that analysts expected. Granted they spent more than they would have liked but the Hub is a very good thing.