Hasbro Profits down 30% Last Quarter
 

Story is here

Hasbro seems to be starting to feel the economic crunch as well.:(

Re: Hasbro Profits down 30% Last Quarter
 

Considering Toys are not a necessity, it's not surprising Hasbro's profits are down.

Hasbro has a lot riding on some big movies coming out in the summer like GI Joe and Transformers. They say entertainment is recession proof, so it will be interesting to see if Hasbro's sales do well should those movies do well at the boxoffice. I have no idea what the positive correlation is between a movie doing well during a recession and its toys line, but it should be interesting.

I already know that because of the tight times, I am buying less. Used to buy two of everything I bought, one to open, one for MOSC, but now I am way more picky. It's not that I can't really afford to, but it's more due to me wanting to buy a house, and also putting more money away into emergency savings. I'm in the banking industry, and I see every day people coming in with their various hardship stories. So many Canadians don't have emergency funds (3-6 months gross salary saved for emergencies). I'm just being extra careful, even though (knock on wood) my credit union is financially very strong despite the downturn.

Man, that was an essay. :o

Re: Hasbro Profits down 30% Last Quarter
 

Looks like the signs of cutting back are already starting too, look at Transformers. Universe going away (I know that was planned but who knows if it will come back as soon), Animated may be ending...seems like they're focusing on the movie line.

Re: Hasbro Profits down 30% Last Quarter
 

ah at least its better than mattels 50% decrease. Infact hasbro stock has gone up over 7 % today.