Revenues from the United States and Canada segments increased 5% during the third quarter, compared to the International segment revenues that grew 14%. Separately, Entertainment and Licensing Segment net revenues declined 2% to $52.1 million, compared to $53.4 million in 2014.
The company returned a total of $83.5 million to shareholders through dividend payments and share repurchases in the third quarter.
On the books, cash and cash equivalents totaled $551.3 million at the end of the third quarter, compared to $452.2 million in the same period from the previous year.
Brian Goldner, chairman, president and CEO of Hasbro, said:
Strong global consumer demand across Hasbro Franchise Brands and Partner Brands drove continued momentum in our business. Brand innovation and superior market execution delivered not only underlying revenue growth, but higher profitability in a very challenging foreign exchange environment. We have innovative play experiences and marketing initiatives across brands, demographics and geographies this holiday season and remain focused on executing and investing for continued growth in future years.
Deborah Thomas, Hasbro’s chief financial officer, added:
Throughout 2015, our teams have positioned Hasbro to succeed in a very challenging environment. Tremendous innovation across brands and a strong entertainment slate has driven favorable product mix and underlying profit gains. Through the third quarter, pricing and hedging programs have protected our margins, but only through the strong execution of the team will we continue to deliver against our objective to expand operating profit margin over time. We also continue to invest in future innovation and systems, which positions us for long-term growth and shareholder value creation.
Shares of Hasbro were down more than 5% to $73.73 Monday morning. The consensus analyst price target is $82.00, and the 52-week trading range is $51.42 to $84.42.
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