Hasbro 1st- Quarter Profits Drop 47%

{mosimage} Hasbro has just released its numbers for the first quarter, which ended on March 29th. The numbers aren't the greatest. According to Hasbro, profits decreased 47% while revenue fell 12%. Both dips have been attributed to the stronger dollar and retailers cutting back on inventory…and declines in Marvel, My Little Pony and Transformers brands. So what does this mean for the toy giant? Not much, as both drops were to be expected. Hasbro is now looking forward to the rest of the year, and in particular, the astf, GI Joe: Rise of Cobra, and X-Men Origins: Wolverine lines to help bring the numbers back to where they were.

Click here to read more about Hasbro's first quarter, and then discuss it here.