Hasbro's 2007 sales were announced this morning with Fourth quarter sales increased 16 per cent to $1.3 billion. Net income climbed 24 percent to $133.7 million from $108.3 million a year earlier.
Full year net income climbed 45 per cent to $333 million, the biggest gain since at least 1999.
International sales increased a stagering 29 per cent, far more than the US, with strong sales for Transformers, Spider-Man, PotC and Littlest Pet Shop animals. 4th Quarter sales accounted for two-fifths of the total international profit for the year.
In related news Hasbro have named Brian Goldner as their new CEO, taking over from Alfred J. Verrecchia.
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