Hasbro Inc HAS
Q3 2012 Earnings Call Transcript

Transcript Call Date 10/22/2012

Operator: Good morning, and welcome to the Hasbro Third Quarter 2012 Earnings Conference Call. At this time, all parties will be in a listen-only mode. A brief question and answer session will follow the formal presentation. As a reminder this conference is being recorded. If you have any objections, you may disconnect at this time.

At this time, I'd like to turn the call over to Ms. Debbie Hancock, Vice President of Investor Relations. Please go ahead.

Debbie Hancock - IR: Thank you and good morning, everyone. Our third quarter earnings release was issued earlier this morning and is available on our website. Additionally, also available on our website, are presentation slides containing information covered in today's earning release and call. The press release and presentation include information regarding non-GAAP financial measures included in today's call. Please note that during today's call, whenever we discuss earnings per share or EPS, we are referring to earnings per diluted share.

This morning, Brian Goldner, Hasbro's President and Chief Executive Officer and Deb Thomas, Hasbro's Chief Financial Officer will review our third quarter financial results and discuss important factors impacting our performance. Following their statements, David Hargreaves, Hasbro's Chief Operating Officer, will join Brian and Deb to field your questions.

Before we begin, please note that during this call and the question-and-answer session that follows, members of Hasbro's management may make forward-looking statements concerning management's expectations, goals, objectives and similar matters. These forward-looking statements may include comments concerning our product and entertainment plans, anticipated product performance, business opportunities, plans and strategies, costs, financial goals and expectations for our future financial performance, including expectations for revenues and EPS in 2012.

There are many factors that could cause actual results or events to differ materially from the anticipated results or other expectations expressed in these forward-looking statements. Some of those factors are set forth in our Annual Report on Form 10-K, our most recent 10-Q and today's press release and in our other public disclosures. You should review such factors together with any forward-looking statements made on today's call. We undertake no obligation to update any forward-looking statements made today to reflect events or circumstances occurring after the date of this call.

Now, I would like to introduce Brian Goldner. Brian?

Brian D. Goldner - President and CEO: Thank you, Debbie. Good morning everyone and thank you for joining us today. As early as November of last year, we communicated with you several key objectives for 2012 including, growing revenues and earnings per share for the full year, absent the impact of foreign exchange, returning the U.S. and Canada segment to historical operating profit margins, executing globally by leveraging our investments in new and emerging markets, stabilizing our Games business and positioning it for growth in 2013 and beyond, and growing our Girls business. Nine months into the year, we are delivering on these objectives and we believe we are well positioned to achieve them for the full year 2012 in a challenging environment.

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