Hasbro Announces Positive Preliminary Results
Hasbro announced, based on preliminary full-year results, that it expects to report approximately 7 percent revenue growth for the full year 2011 compared to $4 billion in 2010. For the fourth quarter 2011, the company anticipates revenues to be approximately $1.33 billion compared to $1.28 billion in 2010.
The company expects to report 2 percent–4 percent growth in earnings per diluted share for 2011 versus $2.74 per diluted share reported for 2010.
“We continue to invest in the global transformation of Hasbro’s business for the medium and long-term. This enabled us to deliver a record top line performance for 2011 driven by growth in several brands as well as strong growth internationally,” said Brian Goldner, Hasbro’s president and CEO in a statement. “However, Hasbro’s fourth quarter revenue growth underperformed our expectations due to the weakness in the U.S. and Canada segment post-Thanksgiving. This had a direct impact on our anticipated earnings growth for the year.”
Hasbro will provide full details on Monday February 6 during its regularly scheduled financial results announcement.
Discovery Launches Licensing Program for Sons of Guns
Discovery Communications announced a new line of consumer products based on the Discovery Channel series Sons of Guns, which features one of America’s most skilled and creative gun works, Red Jacket Firearms. The line will debut with an apparel line by licensee Club Red later this month.
Making its official debut at the Shooting, Hunting, Outdoor Trade Show (SHOT) on January 17, the branded apparel line for Sons of Guns has seen success in regional retail stores and will debut with national retailers, including Academy Sports and Outdoors and Bass Pro Shops, by the end of January 2012. Star of the show and owner of Red Jacket Firearms, Will Hayden, will attend SHOT to help launch the program, along with his daughter Stephanie who is also featured in the series.