Hasbro Inc., the world's second-largest toymaker, said Monday its fourth-quarter profit rose 24 percent on a 16 percent increase in sales driven by its core brands like Transformers, Littlest Pet Shop and Star Wars.
The company, which also makes Nerf and Playskool brands and board games like Monopoly and Operation, said it plans price increases this year to offset rising costs. Hasbro has avoided the lead-paint related recalls that plagued many of its competitors.
Its shares rose almost 2 percent in morning trading.
Hasbro said its profit rose to $133.7 million (euro91.94 million), or 84 cents per share, in the three months ended Dec. 30 from …
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