-- Net revenues of $784.3 million for the quarter, an increase of $92.9 million or 13% from a year ago, or an increase of 10% absent the impact of foreign exchange;
-- Net earnings of $37.5 million, or $0.25 per diluted share, compared to $4.8 million, or $0.03 per diluted share last year;
-- U.S. and Canada segment net revenues were up 11% and International segment net revenues were up 15%, or 6% excluding the impact of foreign exchange;
-- Growth driven by strong performances from STAR WARS, LITTLEST PET SHOP, PLAYSKOOL, EASY-BAKE OVEN, NERF, INDIANA JONES and board games, including MONOPOLY and TRIVIAL PURSUIT;
-- TRANSFORMERS and MARVEL continued to make significant contributions to net revenues.

PAWTUCKET, R.I. -- July 21, 2008 -- Hasbro, Inc. today reported second quarter net revenues of $784.3 million, an increase of $92.9 million or 13% compared to $691.4 million a year ago, or an increase of 10%, excluding the favorable foreign exchange impact of $25.0 million. The Company reported net earnings for the quarter of $37.5 million or $0.25 per diluted share, compared to $4.8 million or $0.03 per diluted share in 2007. The 2007 second quarter results included a final mark to market expense of $36.5 million or $0.21 per diluted share related to the repurchase of the Lucas warrants. Excluding the final Lucas mark to market expense, earnings for the second quarter of 2007 would have been $41.3 million or $0.24 per diluted share.

"We are very pleased with our second quarter and first half performance," said Brian Goldner, President and Chief Executive Officer. "The current strength of our product line is allowing us to invest in our future growth by developing our business in emerging markets, in entertainment and in digital gaming, while continuing to deliver strong earnings."

U.S. and Canada segment net revenues for the quarter were $467.7 million, an increase of $45.8 million or 11% compared to $421.9 million in 2007. The growth in revenue is attributable to INDIANA JONES, STAR WARS and the MARVEL product lines, as well as growth in core brands including NERF, G.I. JOE, EASY-BAKE OVEN and board games, including MONOPOLY and TRIVIAL PURSUIT. Additionally, TRANSFORMERS continued to contribute significantly to the segment in the quarter. The U.S. and Canada segment reported an operating profit of $43.7 million. This compares to $35.5 million of operating profit in 2007, which included a $10.4 million provision related to the EASY-BAKE OVEN product recall.

International segment net revenues for the quarter were $293.7 million, an increase of $38.5 million or 15% compared to $255.2 million in 2007. The revenues include a positive foreign exchange impact of approximately $23.4 million or 9%. The results reflect growth in core brands including LITTLEST PET SHOP, PLAYSKOOL, FURREAL FRIENDS, and board games, as well as INDIANA JONES and STAR WARS products. Additionally, TRANSFORMERS and MARVEL continued to contribute significantly to the segment in the quarter. The International segment reported an operating profit of $14.0 million, reflecting the investment spending in emerging markets, compared to $15.3 million in 2007.

"I'm very pleased with the earnings we announced today, while input cost inflation continues to be challenging, thus far we have been able to mitigate most of the impact through cost savings initiatives and pricing actions," said David Hargreaves, Chief Operating Officer and Chief Financial Officer.

(RTM note: this means that they are raising prices. And another link with more details.)

During the quarter, the Company spent a total of $51.6 million to repurchase 1.646 million shares of common stock at an average cost of $31.36 per share. As of quarter end, there was $402.2 million remaining in the current share repurchase authorization.

Hasbro, Inc. is a worldwide leader in children's and family leisure time products and services with a rich portfolio of brands and entertainment properties that provides some of the highest quality and most recognizable play and recreational experiences in the world. As a brand-driven, consumer-focused global company, Hasbro brings to market a range of toys, games and licensed products, from traditional to high-tech and digital, under such powerful brand names as TRANSFORMERS, PLAYSKOOL, TONKA, MILTON BRADLEY, PARKER BROTHERS, TIGER, CRANIUM and WIZARDS OF THE COAST. Come see how we inspire play through our brands at www.hasbro.com. (C) 2008 Hasbro, Inc. All Rights Reserved.