- Net revenues for the third quarter 2011 grew 5% to $1.38 billion compared to $1.31 billion for the third quarter 2010; foreign exchange had a positive $37.1 million impact on third quarter 2011 revenues;

- Net earnings for the third quarter 2011 increased 10% to $171.0 million, or $1.27 per diluted share, compared to $155.2 million, or $1.09 per diluted share, in 2010;

- International segment net revenues grew 23% to $563.3 million versus $458.9 million in 2010; Foreign exchange had a positive $35.2 million impact on third quarter 2011 revenues;

- Boys and Preschool category net revenues grew 15% and 12%, respectively;

- Repurchased 5.6 million shares of common stock at a total cost of $211.0 million.

PAWTUCKET, R.I. -- October 17, 2011 -- Hasbro, Inc. today reported revenue and earnings growth for the third quarter 2011. The Company reported 5% net revenues growth to $1.38 billion compared to $1.31 billion in the third quarter 2010. Third quarter 2011 net revenues include a positive $37.1 million impact of foreign exchange. The Company reported a 10% increase in net earnings for the third quarter 2011 to $171.0 million or $1.27 per diluted share compared to $155.2 million or $1.09 per diluted share in 2010.

"We continue to expect to deliver meaningful growth in both revenues and earnings per share for the full-year 2011 versus our 2010 reported full-year results," said Brian Goldner, President and Chief Executive Officer. "Our performance this year demonstrates we are successfully executing our strategy globally. We begin the fourth quarter with a number of encouraging factors supporting our full-year outlook. We have a great line up of innovative, sought-after toys and games for the holiday, many of which are only recently hitting retail shelves; our point-of-sale both in the U.S. and internationally is positive and showing good momentum; our U.S. retail inventories are down versus a year ago; and we continue to experience very strong trends in our international business."

"Our third quarter results highlight the continued strength of our international business as well as the leverage we are achieving from our investments," said Deborah Thomas, Chief Financial Officer. "This resulted in a higher mix of revenue and profits from the International segment in the third quarter. Given our liquidity and confidence in our long-term strategy, we continued to be active buyers of Hasbro shares during the quarter, purchasing 5.6 million shares at an average price of $37.74."

In the third quarter, worldwide net revenues in the Boys product category increased 15% to $534.6 million; the Games and Puzzles category decreased 6% to $364.7 million; the Girls category declined 4% to $259.1 million; and the Preschool category was up 12% to $217.4 million.

U.S. and Canada segment net revenues declined 7% to $764.6 million compared to $825.5 million in 2010; however, our products experienced an 8% increase year-over-year in point-of-sale at our top 4 U.S. accounts. The reported results reflect growth in the Preschool category, which was offset by declines in the Boys, Girls and Games and Puzzles categories. The U.S. and Canada segment reported an operating profit of $128.8 million, compared to $158.8 million in 2010.

International segment net revenues grew 23% to $563.3 million, an increase of $104.4 million compared to $458.9 million in 2010. Net revenues in the International segment grew 15% absent the positive $35.2 million impact of foreign exchange. Revenue in the International segment reflects growth in the Boys category, which offset slight declines in the other product categories. The International segment reported a 42% increase in operating profit to $100.7 million, compared to an operating profit of $70.8 million in 2010.

Entertainment and Licensing segment net revenues increased 69% to $46.3 million, compared to $27.5 million in 2010. Revenue in the Entertainment and Licensing segment reflected growth in licensing revenue associated with the sale of television programming globally, movie and merchandise-related revenue from Transformers: Dark of the Moon as well as a onetime payment from Universal Studios. The Entertainment and Licensing segment reported an operating profit of $15.3 million compared to $5.9 million in 2010.

The Company repurchased a total of 5.6 million shares of common stock during the third quarter 2011 at a total cost of $211.0 million and an average price of $37.74 per share. For the first three quarters in 2011, the Company repurchased a total of 9.4 million shares at a total cost of $386.7 million and an average price of $40.97. At quarter-end, $263.5 million remained available under the current share repurchase authorization.

About Hasbro

Hasbro, Inc. (NASDAQ: HAS) is a branded play company providing children and families around the world with a wide-range of immersive entertainment offerings based on the Company's world class brand portfolio. From toys and games, to television programming, motion pictures, video games and a comprehensive licensing program, Hasbro strives to delight its customers through the strategic leveraging of well-known and beloved brands such as TRANSFORMERS, LITTLEST PET SHOP, NERF, PLAYSKOOL, MY LITTLE PONY, G.I. JOE, MAGIC: THE GATHERING and MONOPOLY. The HUB, Hasbro's multi-platform joint venture with Discovery Communications (NASDAQ: DISCA, DISCB, DISCK) launched on October 10, 2010. The online home of The HUB is www.hubworld.com. The HUB logo and name are trademarks of Hub Television Networks, LLC. All rights reserved. © 2011 Hasbro, Inc. All Rights Reserved.