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Hasbro 4Q net income down 1 percent

By Associated Press

 |   

  February 06, 2012

It was a blue Christmas for Hasbro. The No. 2 toy maker said that its fourth-quarter profit slipped 1 percent, pinched by softer-than-expected demand in the US and Canada and slow sales of games and puzzles during the key holiday season. The results contrasted with larger rival, Barbie-maker Mattel Inc., which last week reported better-than-expected results for the season. Toy makers can make up to half of their annual revenue during the holiday quarter.

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