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

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  2. AutobotMaximal

    AutobotMaximal Becoming vintage, day by day

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    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

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    It does say that the "boys toys" were their strong point however
     
  4. Thenames9

    Thenames9 D-d-d-d-duel!

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    Wait until Summer.
     
  5. Digilaut

    Digilaut My name is Drift.

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    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

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    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

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    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

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    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

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    But we only contribute to 10% of sales. LMAO
     
  10. Transbot90210

    Transbot90210 Banned

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    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

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    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

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    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

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    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 Reason Has No Voice

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    2011 is a movie year.
     
  15. rapid_fire

    rapid_fire TFW2005 Supporter

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    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

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    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

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    Well I think the second and third quarter is gonna change that.
     
  18. shroobmaster

    shroobmaster Well-Known Member

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    2011 is a movie year.

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

    Dinobot Nuva Johnny 3 Tears Veteran

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    Except, earnings were higher than expected.
     
  20. wolfe

    wolfe Well-Known Member

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    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.
     

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