Walmart (WMT) slashed toy prices ahead of the holiday season in a bid to gain the edge on low-cost rival Target Corp. (TGT).
When the world’s largest retailer learned that many of its toy prices were higher than Target’s, Walmart revised prices downwa…
Hasbro Inc (HAS) reported third-quarter earnings of $1.09 per share, compared with 99 cents per share a year earlier.
Net revenue rose 3% to $1.31 billion, the toymaker said in a statement. Absent the negative impact of foreign exchange movements, and revenue was up 4%.
The company saw growth in its preschool, boys and games & puzzles categories.
“Innovation across Hasbro’s…
Continue reading Hasbro Reports Third-Quarter Earnings of $1.09 Per Share
Hasbro Reports Third-Quarter Earnings of $1.09 Per Share originally appeared on DailyFinance on Mon, 18 Oct 2010 07:16:00.
Filed Under: Company News, Earnings, Retail, Stocks in the News
Toy company Mattel Inc (MAT) reported third quarter earnings of 77 cents per share, up from 63 cents per share a year earlier.
Net sales rose 2% to $1.83 billion, including unfavorable changes in currency exchange rates, the company said in a statement. Gross sales rose 3% in the U.S. and 2% in international markets.
“We continue to be pleased with the performance of the business,”…
Continue reading Mattel Posts Third Quarter Earnings of 77 Cents Per Share
Mattel Posts Third Quarter Earnings of 77 Cents Per Share originally appeared on DailyFinance on Fri, 15 Oct 2010 06:56:00.
Filed Under: Company News, Earnings, Mattel, Retail
For retailers, this Christmas season is expected to be brighter than last year, even as continuing economic anxiety puts a damper on spending. Clothes, toys and video games are expected to do well in 2010.
Cont…
The toy retailer’s holiday hiring spree will exceed the number of employees it has added to its payroll in each of the last three holiday seasons. But Toys R Us’ CEO was quick to note that the company is “not projecting a drama…