Hasbro Reports First Quarter Results

"As we communicated earlier this year, we expected revenues to decline in the first quarter due to economic challenges, the impact of foreign exchange and retailers reducing inventory levels," said Brian Goldner, President and Chief Executive Officer.

"To drive momentum in our business in the coming quarters, we have new product initiatives across each of our major product categories including preschool, games, girls and boys, including the highly anticipated theatrical releases of Transformers: Revenge of the fallen, G.I. Joe: Rise of Cobra and Marvel's X-Men origins: Wolverine," Goldner concluded.

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