-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, jH5np0frgEYyCOk3Iw1/uIu8bPgOFQ8j0mBmGjjQ49rv5GSddX5w4XgY6AHO1R6n fTA7gMG4Yn5Nn5NPl2LmZA== 0000046080-94-000015.txt : 19940701 0000046080-94-000015.hdr.sgml : 19940701 ACCESSION NUMBER: 0000046080-94-000015 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19940616 ITEM INFORMATION: Other events FILED AS OF DATE: 19940617 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HASBRO INC CENTRAL INDEX KEY: 0000046080 STANDARD INDUSTRIAL CLASSIFICATION: 3944 IRS NUMBER: 050155090 STATE OF INCORPORATION: RI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06682 FILM NUMBER: 94534617 BUSINESS ADDRESS: STREET 1: 1027 NEWPORT AVE STREET 2: P O BOX 1059 CITY: PAWTUCKET STATE: RI ZIP: 02861 BUSINESS PHONE: 4014318697 FORMER COMPANY: FORMER CONFORMED NAME: HASBRO BRADLEY INC DATE OF NAME CHANGE: 19850814 FORMER COMPANY: FORMER CONFORMED NAME: HASBRO INDUSTRIES INC DATE OF NAME CHANGE: 19840917 FORMER COMPANY: FORMER CONFORMED NAME: HASSENFELD BROTHERS INC DATE OF NAME CHANGE: 19720615 8-K 1 8-K DOCUMENT SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported): June 16, 1994 ------------------------- HASBRO, INC. -------------------- (Name of Registrant) RHODE ISLAND 1-6682 05-0155090 - - - -------------- ------------ ------------------- (State of (Commission (IRS Employer Incorporation) File Number) Identification No.) 1027 NEWPORT AVE., PAWTUCKET, RHODE ISLAND 02861 - - - ------------------------------------------ ------------------- (Address of Principal Executive Offices) (Zip Code) (401) 431-8697 ------------------------------- (Registrant's Telephone Number) Item 5. Other Events The June 16, 1994 Press Release of the Registrant attached hereto as EXHIBIT 99 is incorporated herein by reference. Item 7. Financial Statements and Exhibits (c) Exhibits 99 Press Release, dated June 16, 1994, of Hasbro, Inc. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. HASBRO, INC. ------------ (Registrant) Date: June 17, 1994 By:\s\John T. O'Neill ----------------------- John T. O'Neill Executive Vice President and Chief Financial Officer (Duly Authorized Officer and Principal Financial Officer) HASBRO, INC. Current Report on Form 8-K Dated June 16, 1994 Exhibit Index Exhibit No. Exhibits - - - ------- -------- 99 Press Release dated June 16, 1994 EX-99 2 EXHIBIT 99 EXHIBIT 99 For Immediate Release Contact: John T. O'Neill June 16, 1994 Telephone: 401-431-8500 HASBRO, INC. ANNOUNCES EXPECTATIONS FOR SECOND QUARTER AND FULL YEAR 1994 Pawtucket, RI (June 16, 1994) -- Hasbro, Inc. (HAS:ASE) today reported that it expects its second quarter revenues and earnings to be at levels lower than those of a year ago. For the second quarter of 1993, the Company reported revenues of $515,551,000 and net earnings of $27,150,000. "We began our year on a positive note with respect to both revenues and earnings", said Alan G. Hassenfeld, Chairman and Chief Executive Officer, "but at the same time we had indicated that our major retailers were continuing to move their orders toward the second half of the year, a condition which could negatively affect our first half. This is now happening." He continued by stating that "For the second quarter, most of our international units are expected to grow from their level during the comparable period of 1993 in spite of being adversely impacted by the strengthened U.S. dollar. Domestically, we continue to see strong retail takeaway of many of our new and ongoing products. Data from several of our larger customers indicates their May year to date movement, in wholesale dollars, of our products is up almost 10% in comparison to 1993. However, with many retailers moving to more sophisticated inventory management techniques, this increase has not yet translated into new orders. We believe that this will mean that a greater percentage of their orders will be placed for immediate delivery during the second half of the year, specifically for shipment during the fourth quarter." "Additionally, a comparison with 1993 is adversely impacted by the fact that revenues during the second quarter of last year were at record levels, in part due to the introduction of our Jurassic Park(TM) and Barney(R) products in mid-quarter. This year our new introductions are on a more traditional time-line of late second quarter or early third quarter. As a result, we now believe that our second quarter revenue shortfall could approach 15% and, because of the seasonality of our business, a decrease in revenues of this magnitude during a traditionally low revenue quarter could all but eliminate our net earnings for the quarter." - more - Hasbro con't Page 2 He further said "In announcing our first quarter results, we stated that this year would present us with significant challenges. Looking toward the remainder of the year, in spite of the adverse impact of the reduced volume in two major product lines, Barney and Jurassic Park, we believe that we will achieve a modest revenue and earnings growth during the second half, with most of it occurring during the fourth quarter. With much of our 1994 product to be introduced during the next several months we are continuing to commit to inventory at levels sufficient to support that growth. However, as we now expect only a modest revenue increase during the second half, we believe that our full year results could approximate those of a year ago." Mr. Hassenfeld concluded by noting "With a number of new products and relationships under contract and development we are enthusiastic about 1995 and beyond and are confident that we will be able to continue our excellent track record of providing superior long-term shareholder return." # # # -----END PRIVACY-ENHANCED MESSAGE-----