Profit at Hasbro Increases 62%
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Hasbro said its third-quarter profit climbed 62 percent on higher sales led by Transformers and Spider-Man toys and a favorable tax adjustment.
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PROVIDENCE, R.I. -- Hasbro Inc. reported a hefty 24 percent rise in its fourth-quarter profit on Monday and named a successor to its chief executive who is becoming chairman of the world's second biggest toymaker.
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Target, the No. 2 discount chain behind Wal-Mart Stores, said profit rose to $651 million, or 75 cents a share, from $554 million, or 63 cents a share, a year earlier.
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Second-quarter earnings rose 62% at Nordstrom (JWN:NYSE - commentary - research) as the fashion specialty retailer continued to improve inventory management and cost controls.
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Supermarket giant Tesco sees first half profits jump 24.2% to Â£822m ($1.47bn) and said its sales of non-food items continues to grow.
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Teen retailer Aeropostale Inc.  reported a 62 percent rise in first-quarter profit on Thursday, helped by improved sales and a higher gross margin.
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Deere & Co. DE.N, one of the world's  largest farm equipment makers,  said on Tuesday that quarterly  earnings jumped 62 percent, driven by strength in its  agricultural and construction equipment businesses.
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Hasbro Inc HAS.N, the No. 2 U.S. toy  maker, on Monday reported fourth-quarter earnings rose 7.2  percent, after cutting costs to offset a tougher retail  environment and declines at its U.S. toys unit.
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Video-game chain GameStop Corp.'s second-quarter earnings rose on strong sales.
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Quarterly profit rose 72 percent as strong international sales and savings from the Maytag acquisition offset a drop in U.S. demand at the appliance maker.
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Hasbro Inc , the second-largest U.S. toy company, posted a higher quarterly profit on Monday, helped by sales at its Playskool brand and continued strong demand for products tied to the Transformers movie.
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The consumer electronics retailer said 2nd-quarter profit rose to $250 million on strong international results and tighter spending controls.
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Mattel Inc. , the largest U.S. toy maker, reported higher second-quarter profit on Monday on the strength of its Barbie and Wheels lines and expressed optimism about the second half of the year, sending its shares up more than 3 percent.
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Retailer Next sees profits rise 3.6% after strong sales at its catalogue and internet arm offset weak same-store sales.
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Hasbro Inc. , the world's second-largest toy maker, posted a better-than-expected second-quarter profit on Monday, helped by strong demand for movie-related toys such as Transformers and Spider-Man.
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The toy maker reported a 15 percent increase in its second-quarter profit on global sales of Barbie dolls and Hot Wheels toy cars that offset U.S. declines.
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The Mooresville, NC-based retailer posted net income of $522 million, or 66 cents a share, compared with $452 million, or 55 cents a share, a year earlier.