Hasbro Reports Fourth Quarter and Full-Year 2012 Financial Results and Declares 11% Increase in Quarterly Dividend

  Hasbro Reports Fourth Quarter and Full-Year 2012 Financial Results and
  Declares 11% Increase in Quarterly Dividend

  *2012 net revenues declined 2% to $4.19 billion excluding foreign exchange;
    net revenues as reported for the full-year 2012 were $4.09 billion
    compared to $4.29 billion in 2011;
  *2012 net earnings were $370.8 million, or $2.81 per diluted share,
    excluding pre-tax charges of $47.2 million, or $0.26 per diluted share,
    associated with restructuring actions; as reported, 2012 net earnings were
    $336.0 million, or $2.55 per share, compared to $385.4 million, or $2.82
    per diluted share in 2011;
  *During the fourth quarter 2012, the Company commenced a cost savings
    initiative targeting $100 million in annual savings by 2015;
  *Full-year 2012 operating profit margin increased to 14.7% from 14.2%
    (excluding restructuring charges in both years) led by gains in the U.S.
    and Canada segment profitability;
  *Generated $534.8 million in operating cash flow during 2012;
  *Company Board of Directors raises quarterly dividend 11% to $0.40 per
    share.

Business Wire

PAWTUCKET, R.I. -- February 7, 2013

Hasbro, Inc. (NASDAQ: HAS) today reported financial results for the full-year
and fourth quarter 2012. Net revenues for the full-year 2012 were $4.09
billion compared to $4.29 billion in 2011. Excluding a negative $98.5 million
impact of foreign exchange, net revenues declined 2% to $4.19 billion.

Net earnings for the full-year 2012 were $336.0 million, or $2.55 per diluted
share, versus $385.4 million, or $2.82 per diluted share, in 2011. 2012 net
earnings include $47.2 million pre-tax, or $0.26 per diluted share, of
restructuring charges. Excluding these charges, net earnings were $370.8
million, or $2.81 per diluted share. Additionally, full-year 2012 earnings per
share include $0.10 per diluted share from the negative impact of foreign
exchange.

The Company’s reported 2011 earnings per diluted share included the impact of
a $20.5 million favorable tax adjustment, or $0.15 per diluted share, and
pre-tax expense of $14.4 million, or $0.07 per diluted share, related to costs
associated with establishing Hasbro’s Gaming Center of Excellence in Rhode
Island. Earnings per diluted share for 2011 excluding these two items were
$2.74.

For the fourth quarter 2012, the Company reported net revenues of $1.28
billion compared to $1.33 billion in 2011. Foreign exchange had an $8.2
million negative impact on revenues in the quarter. The Company reported net
earnings for the quarter of $130.3 million or $0.99 per diluted share,
including $36.0 million pre-tax, or $0.21 per share, in restructuring charges,
versus $139.1 million or $1.06 per diluted share in 2011. Excluding these
charges, fourth quarter net earnings were $157.4 million, or $1.20 per diluted
share.

“In 2012, we achieved many important objectives for the year, including
improving the U.S. and Canada segment operating profit margin to 15.1%,
growing our Games and Girls categories and driving 16% revenue growth in the
emerging markets while improving profitability,” said Brian Goldner, Hasbro’s
President and Chief Executive Officer. “We did, however, face difficult
year-over-year comparisons and a challenging holiday season in certain
geographies.”

“We also began an important next step in realizing our full potential as brand
builders, with the implementation of a cost savings initiative designed to
better align resources and costs while delivering $100 million in annual
savings by 2015,” continued Goldner. “Our strategy during the past several
years has focused on delivering compelling brand innovation while investing in
and establishing the capabilities required for developing content-rich brand
initiatives that consumers and retailers around the world want. With the
investments in these capabilities in place, we are now taking the next step to
increase our organization’s focus around fewer multi-platform global brand
opportunities that are integrating play through digital and analog
experiences.”

“Hasbro remains in a strong financial position,” said Deborah Thomas, Hasbro’s
Chief Financial Officer. “In 2012, we generated $535 million in operating cash
flow, reduced inventory at Hasbro and at our retailers and we improved our
operating profit margin, absent restructuring charges, versus 2011. We are
taking the steps we believe necessary to lower our cost base and better align
our resources behind our greatest long-term opportunities. We remain committed
to investing in the long-term growth of Hasbro and delivering strong
shareholder returns including our dividend and share repurchase program. Our
ability to raise the dividend for the ninth time in ten years is based on the
confidence we have in the long-term prospects for Hasbro.”

Dividend and Share Repurchase

Hasbro’s Board of Directors has declared a quarterly cash dividend of $0.40
per common share. This represents an increase of $0.04 per share, or 11%, from
the previous quarterly dividend of $0.36 per common share. The dividend will
be payable on May 15, 2013 to shareholders of record at the close of business
on May 1, 2013.

The Company paid $225.5 million in cash dividends to shareholders during 2012,
including the $46.6 million accelerated payment of its fourth quarter dividend
historically paid in February.

Additionally, Hasbro repurchased a total of 2.7 million shares of common stock
during 2012 at a total cost of $100.0 million and an average price of $37.11
per share. At year-end, $127.3 million remained available in the current share
repurchase authorization.


Full-Year 2012 Major Segment Performance
                                               
                  Net Revenues ($ Millions)      Operating Profit ($
                                                  Millions)
                  FY 2012   FY 2011   %        FY 2012  FY 2011  %
                                         Change                        Change
U.S. and Canada   $2,116.3  $2,253.5  -6%      $319.1   $278.4   +15%
International     $1,782.1  $1,861.9  -4%      $215.5   $270.6   -20%
Entertainment     $181.4    $162.2    +12%     $53.2    $42.8    +24%
and Licensing
                                                                  

U.S. and Canada segment net revenues were $2.12 billion compared to $2.25
billion in 2011. The segment’s results reflect growth in the Girls and Games
categories, which was more than offset by declines in Boys and Preschool. The
U.S. and Canada segment reported 15% operating profit growth to $319.1
million, or 15.1% of revenues, compared to $278.4 million, or 12.4% of
revenues, in 2011.

Net revenues in the International segment grew 1% absent the negative $97.9
million impact of foreign exchange. Including the impact of foreign exchange,
International segment net revenues were $1.78 billion, down 4%, compared to
$1.86 billion in 2011. Revenue in the International segment reflects 8% growth
in Latin America offset by a decline in Europe and Asia Pacific. Additionally,
the Games and Preschool category were flat in 2012, while Boys and Girls
declined. The International segment reported an operating profit of $215.5
million compared to $270.6 million in 2011.

Entertainment and Licensing segment net revenues increased 12% to $181.4
million compared to $162.2 million in 2011. The segment continued to benefit
from the sale of television programming in all formats in the U.S. and
internationally offset by lower movie-related revenues. The Entertainment and
Licensing segment reported 24% operating profit growth to $53.2 million
compared to $42.8 million in 2011.


Full-Year 2012 Product Category Performance
           
           Net Revenues ($ Millions)
            FY 2012   FY 2011   % Change
Boys        $1,577.0  $1,821.5  -13%
Games       $1,192.1  $1,169.7  +2%
Girls       $792.3    $741.4    +7%
Preschool   $527.6    $553.0    -5%
                                

In the Boys category, net revenues decreased 13% to $1.58 billion. MARVEL
branded products, driven primarily by MARVEL’S THE AVENGERS and THE AMAZING
SPIDER-MAN, posted strong year-over-year gains globally. This growth was more
than offset by expected declines in TRANSFORMERS and BEYBLADE products
following a strong 2011 for both lines.

Net revenues in the Games category increased 2% to $1.19 billion. MAGIC: THE
GATHERING, TWISTER, BATTLESHIP and Boys Action Gaming, including TRANSFORMERS
BOT SHOTS and ANGRY BIRDS STAR WARS, all helped the category grow in 2012.

The Girls category net revenues increased 7% to $792.3 million. FURBY was very
successful in 2012 and will launch globally in 2013. MY LITTLE PONY posted
strong growth for the year and the addition of ONE DIRECTION to the Girls
category was favorable.

Net revenues in the Preschool category declined 5% to $527.6 million. The
PLAYSKOOL HEROES line had a strong 2012 and PLAY-DOH product revenues grew in
the year. The category faced difficult comparisons against the initial launch
of SESAME STREET products in 2011.

Hasbro will webcast its fourth quarter and full-year 2012 earnings conference
call at 5:00 p.m. Eastern Time today. To listen to the live webcast, go to
http://investor.hasbro.com. The replay of the call will be available on
Hasbro’s web site approximately 2 hours following completion of the call.
Additionally, presentation slides associated with today’s conference call are
available on Hasbro’s website at http://investor.hasbro.com.

HAS-E

About Hasbro

Hasbro, Inc. (NASDAQ: HAS) is a branded play company dedicated to fulfilling
the fundamental need for play for children and families through creative
expression of the Company’s world class brand portfolio, including
TRANSFORMERS, MONOPOLY, PLAY-DOH, MY LITTLE PONY, MAGIC: THE GATHERING, NERF,
LITTLEST PET SHOP and G.I. JOE. From toys and games, to television
programming, motion pictures, digital gaming and a comprehensive licensing
program, Hasbro strives to delight its global customers with innovative play
and entertainment experiences, in a variety of forms and formats, anytime and
anywhere. The Company's Hasbro Studios develops and produces television
programming for more than 170 markets around the world, and for the U.S. on
The Hub TV Network, part of a multi-platform joint venture between Hasbro and
Discovery Communications (NASDAQ: DISCA, DISCB, DISCK). Through the Company's
deep commitment to corporate social responsibility, including philanthropy,
Hasbro is helping to build a safe and sustainable world for future generations
and to positively impact the lives of millions of children and families every
year. It has been recognized for its efforts by being named one of the
"World's Most Ethical Companies," is ranked as one of Corporate Responsibility
Magazine's "100 Best Corporate Citizens" and was named in the top 10 of the
Civic 50 for its efforts to improve the quality of life in the communities
where it does business. Learn more at www.hasbro.com.

© 2013 Hasbro, Inc. All Rights Reserved.

Certain statements in this release contain "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995. These
statements include expectations concerning the Company’s potential performance
in the future, including with respect to its planned cost savings initiative
and profitability, and the Company’s ability to achieve its other financial
and business goals and may be identified by the use of forward-looking words
or phrases. The Company's actual actions or results may differ materially from
those expected or anticipated in the forward-looking statements due to both
known and unknown risks and uncertainties. Specific factors that might cause
such a difference include, but are not limited to: (i) the Company's ability
to design, manufacture, source and ship new and continuing products on a
timely and cost-effective basis, as well as interest in and purchase of those
products by retail customers and consumers in quantities and at prices that
will be sufficient to profitably recover the Company’s development,
manufacturing, marketing, royalty and other costs; (ii) global economic
conditions, including recessions, credit crises or other economic shocks or
downturns affecting the United States, Europe or any of the Company’s other
markets which can negatively impact the retail and/or credit markets, the
financial health of the Company’s retail customers and consumers, and consumer
and business confidence, and which can result in lower employment levels, less
consumer disposable income, and lower consumer spending, including lower
spending on purchases of the Company’s products; (iii) other factors which can
lower discretionary consumer spending, such as higher costs for fuel and food,
drops in the value of homes or other consumer assets, and high levels of
consumer debt; (iv) potential difficulties or delays the Company may
experience in implementing cost savings and efficiency enhancing initiatives
in an effective manner; (v) other economic and public health conditions in the
markets in which the Company and its customers and suppliers operate which
impact the Company's ability and cost to manufacture and deliver products,
such as higher fuel and other commodity prices, higher labor costs, higher
transportation costs, outbreaks of disease which affect public health and the
movement of people and goods, and other factors, including government
regulations, which can create potential manufacturing and transportation
delays or impact costs; (vi) currency fluctuations, including movements in
foreign exchange rates, which can lower the Company’s net revenues and
earnings, and significantly impact the Company’s costs; (vii) the
concentration of the Company's customers, potentially increasing the negative
impact to the Company of difficulties experienced by any of the Company’s
customers or changes by the Company’s customers in their purchasing or selling
patterns; (viii) greater than expected costs, or unexpected delays or
difficulties, associated with The Hub TV Network, the Company’s joint venture
television network with Discovery Communications, LLC, Hasbro Studios, or the
creation of new content to appear on The Hub TV Network and elsewhere; (ix)
consumer interest in and acceptance of The Hub TV Network, and programming
created by Hasbro Studios, and other factors impacting the financial
performance of the network and Hasbro Studios; (x) greater than expected costs
or unexpected delays or difficulties associated with the creation of Hasbro’s
Gaming Center of Excellence and the execution of the Company’s strategy for
driving innovation and immersive play experiences in its gaming business; (xi)
unexpected delays or difficulties in the Company’s execution of its plans to
drive growth and increased profitability in its U.S. and Canada business;
(xii) the inventory policies of the Company’s retail customers, including
retailers’ potential decisions to lower the inventories they are willing to
carry, even if it results in lost sales, as well as the concentration of the
Company's revenues in the second half and fourth quarter of the year, which
coupled with reliance by retailers on quick response inventory management
techniques increases the risk of underproduction of popular items,
overproduction of less popular items and failure to achieve tight and
compressed shipping schedules; (xiii) delays, increased costs or difficulties
associated with any of our planned entertainment initiatives; (xiv) work
stoppages, slowdowns or strikes, which may impact the Company's ability to
manufacture or deliver product in a timely and cost-effective manner; (xv) the
bankruptcy or other lack of success of one of the Company's significant
retailers which could negatively impact the Company's revenues or bad debt
exposure; (xvi) the impact of competition on revenues, margins and other
aspects of the Company's business, including the ability to secure, maintain
and renew popular licenses and the ability to attract and retain talented
employees in a competitive environment; (xvii) concentration of manufacturing
for many of the Company’s products in the People’s Republic of China and the
associated impact to the Company of public health conditions and other factors
affecting social and economic activity in China, affecting the movement of
products into and out of China, and impacting the cost of producing products
in China and exporting them to other countries; (xviii) the risk of product
recalls or product liability suits and costs associated with product safety
regulations; (xix) other market conditions, third party actions or approvals
and the impact of competition which could reduce demand for the Company’s
products or delay or increase the cost of implementation of the Company's
programs or alter the Company's actions and reduce actual results; (xx) the
risk that anticipated benefits of acquisitions may not occur or be delayed or
reduced in their realization; and (xxi) other risks and uncertainties as may
be detailed from time to time in the Company's public announcements and
Securities and Exchange Commission (“SEC”) filings. The Company undertakes no
obligation to make any revisions to the forward-looking statements contained
in this release or to update them to reflect events or circumstances occurring
after the date of this release.

This press release includes a non-GAAP financial measure as defined under SEC
rules, specifically EBITDA. EBITDA represents net earnings excluding interest
expense, income taxes, depreciation and amortization. As required by SEC
rules, we have provided reconciliation on the attached schedule of this
measure to the most directly comparable GAAP measure. Management believes that
EBITDA is one of the appropriate measures for evaluating the operating
performance of the Company because it reflects the resources available for
strategic opportunities including, among others, to invest in the business,
strengthen the balance sheet, and make strategic acquisitions. However, this
measure should be considered in addition to, not as a substitute for, or
superior to, net earnings or other measures of financial performance prepared
in accordance with GAAP as more fully discussed in the Company's financial
statements and filings with the SEC. As used herein, "GAAP" refers to
accounting principles generally accepted in the United States of America. This
press release also includes the Company’s Consolidated and International
segment net revenues, net earnings and earnings per share excluding the impact
of changes in exchange rates. Management believes that the presentation of
Consolidated and International segment net revenues, net earnings and earnings
per share excluding the impact of exchange rate changes provides information
that is helpful to an investor’s understanding of the underlying business
performance absent exchange rate fluctuations which are beyond the Company’s
control. Further, the Company provided the 2012 and 2011 diluted earnings per
share absent restructuring charges and favorable tax adjustment as well as
2012 and 2011 operating profit and operating proft margin absent restructing
charges to assist investors in understanding the comparability of the
Company’s results.


HASBRO, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
                                                         
(Thousands of Dollars)
                                             December 30,   December 25,
                                             2012           2011
ASSETS
Cash and Cash Equivalents                    $  849,701     $  641,688
Accounts Receivable, Net                        1,029,959      1,034,580
Inventories                                     316,049        333,993
Other Current Assets                           312,493       243,431
Total Current Assets                            2,508,202      2,253,692
Property, Plant and Equipment, Net              230,414        218,021
Other Assets                                   1,586,771     1,659,061
Total Assets                                 $  4,325,387   $  4,130,774
                                                            
                                                            
                                                            
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term Borrowings                        $  224,365     $  180,430
Payables and Accrued Liabilities               736,070       761,914
Total Current Liabilities                       960,435        942,344
Long-term Debt                                  1,396,421      1,400,872
Other Liabilities                              461,152       370,043
Total Liabilities                               2,818,008      2,713,259
Total Shareholders' Equity                     1,507,379     1,417,515
Total Liabilities and Shareholders' Equity   $  4,325,387   $  4,130,774
                                                               


HASBRO, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(Thousands of
Dollars and
Shares Except   Quarter Ended                                    Year Ended
Per Share
Data)
                                                                                                   
                 Dec. 30,      % Net      Dec. 25,      % Net      Dec. 30,      % Net      Dec. 25,      % Net
                 2012          Revenues   2011          Revenues   2012          Revenues   2011          Revenues
Net Revenues     $ 1,283,529   100.0  %   $ 1,329,338   100.0  %   $ 4,088,983   100.0  %   $ 4,285,589   100.0  %
Costs and
Expenses:
Cost of Sales      516,444     40.2   %     591,483     44.5   %     1,671,980   40.9   %     1,836,263   42.8   %
Royalties          89,515      7.0    %     104,537     7.9    %     302,066     7.4    %     339,217     7.9    %
Product            57,686      4.5    %     47,351      3.5    %     201,197     4.9    %     197,638     4.6    %
Development
Advertising        142,900     11.1   %     135,248     10.2   %     422,239     10.3   %     413,951     9.7    %
Amortization       15,777      1.2    %     14,269      1.1    %     50,569      1.3    %     46,647      1.1    %
of Intangibles
Program
Production         15,850      1.3    %     17,716      1.3    %     41,800      1.0    %     35,798      0.8    %
Cost
Amortization
Selling,
Distribution      245,202     19.1   %    202,155     15.2   %    847,347     20.7   %    822,094     19.2   %
and
Administration
Operating          200,155     15.6   %     216,579     16.3   %     551,785     13.5   %     593,981     13.9   %
Profit
Interest           22,573      1.8    %     22,320      1.7    %     91,141      2.2    %     89,022      2.1    %
Expense
Other (Income)    3,922       0.3    %    5,115       0.4    %    7,242       0.2    %    18,566      0.4    %
Expense, Net
Earnings
before Income      173,660     13.5   %     189,144     14.2   %     453,402     11.1   %     486,393     11.4   %
Taxes
Income Taxes      43,361      3.3    %    50,014      3.7    %    117,403     2.9    %    101,026     2.4    %
Net Earnings     $ 130,299     10.2   %   $ 139,130     10.5   %   $ 335,999     8.2    %   $ 385,367     9.0    %
                                                                                                          
Per Common
Share
Net Earnings
Basic            $ 1.00                   $ 1.08                   $ 2.58                   $ 2.88
Diluted          $ 0.99                   $ 1.06                   $ 2.55                   $ 2.82
                                                                                                          
Cash Dividends   $ 0.36                   $ 0.30                   $ 1.44                   $ 1.20
Declared
                                                                                                          
Weighted
Average Number
of Shares
Basic             129,824                 129,126                 130,067                 133,823
Diluted           131,581                 131,668                 131,926                 136,697
                                                                                                          


HASBRO, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
                                                              
(Thousands of Dollars)
                                                 Year Ended
                                                 Dec. 30, 2012   Dec. 25, 2011
Cash Flows from Operating Activities:
Net Earnings                                     $  335,999      $  385,367
Non-cash Adjustments                                195,435         205,808
Changes in Operating Assets and Liabilities        3,362         (195,106 )
Net Cash Provided by Operating Activities          534,796       396,069  
                                                                 
Cash Flows from Investing Activities:
Additions to Property, Plant and Equipment          (112,091 )      (99,402  )
Other                                              5,919         (8,213   )
Net Cash Utilized by Investing Activities          (106,172 )     (107,615 )
                                                                 
Cash Flows from Financing Activities:
Net Proceeds from Short-term Borrowings             43,106          167,339
Purchases of Common Stock                           (98,005  )      (423,008 )
Stock-based Compensation Transactions               69,440          39,455
Dividends Paid                                      (225,464 )      (154,028 )
Other                                              (8,456   )     (5,443   )
Net Cash Utilized by Financing Activities          (219,379 )     (375,685 )
                                                                 
Effect of Exchange Rate Changes on Cash             (1,232   )      1,123
                                                                 
Cash and Cash Equivalents at Beginning of Year     641,688       727,796  
                                                                 
Cash and Cash Equivalents at End of Year         $  849,701     $  641,688  
                                                                             


HASBRO, INC.
SUPPLEMENTAL FINANCIAL DATA
(Unaudited)
(Thousands of   Quarter Ended                              Year Ended                    
Dollars)
                 Dec. 30, 2012  Dec. 25, 2011    %         Dec. 30, 2012  Dec. 25, 2011   %      
                                                   Change                                     Change
Major Segment
Results
U.S. and
Canada
Segment:
External Net     $ 606,185       $ 592,794         2      %   $ 2,116,297     $ 2,253,458     -6     %
Revenues
Operating          89,494          50,830          76     %     319,072         278,356       15     %
Profit
Operating          14.8      %     8.6       %                  15.1      %     12.4      %
Margin
                                                                                              
International
Segment:
External Net       607,753         669,788         -9     %     1,782,119       1,861,901     -4     %
Revenues
Operating          105,224         137,822         -24    %     215,489         270,578       -20    %
Profit
Operating          17.3      %     20.6      %                  12.1      %     14.5      %
Margin
                                                                                              
Entertainment
and Licensing
Segment:
External Net       65,812          64,089          3      %     181,430         162,233       12     %
Revenues
Operating          26,539          21,490          23     %     53,191          42,784        24     %
Profit
Operating          40.3      %     33.5      %                  29.3      %     26.4      %
Margin
                                                                                              
International Segment Net Revenues by Major Geographic Region
Europe           $ 402,763       $ 464,141         -13    %   $ 1,154,310     $ 1,254,427     -8     %
Latin America      125,599         125,267         0      %     362,689         334,887       8      %
Asia Pacific      79,391        80,380         -1     %    265,120       272,587      -3     %
Total            $ 607,753      $ 669,788                   $ 1,782,119    $ 1,861,901 
                                                                                              
Net Revenues
by Product
Class
Boys             $ 414,052       $ 536,271         -23    %   $ 1,577,010     $ 1,821,544     -13    %
Games              428,630         373,279         15     %     1,192,090       1,169,672     2      %
Girls              292,561         249,982         17     %     792,292         741,394       7      %
Preschool         148,286       169,806        -13    %    527,591       552,979      -5     %
Total Net        $ 1,283,529    $ 1,329,338                 $ 4,088,983    $ 4,285,589 
Revenues
                                                                                              
Reconciliation
of EBITDA
Net Earnings     $ 130,299       $ 139,130                    $ 335,999       $ 385,367
Interest           22,573          22,320                       91,141          89,022
Expense
Income Taxes       43,361          50,014                       117,403         101,026
Depreciation       24,605          28,782                       99,718          113,821
Amortization      15,777        14,269                     50,569        46,647    
of Intangibles
EBITDA           $ 236,615      $ 254,515                   $ 694,830      $ 735,883   
                                                                                              
                                                                                              
Operating
Profit, as
Adjusted
                                 Year Ended
                                 Dec. 30, 2012   % Net        Dec. 25, 2011   % Net
                                                 Revenues                     Revenues
Operating
Profit, as                       $ 551,785         13.5   %   $ 593,981         13.9      %
Reported
Restructuring                     47,176        1.2    %    14,385        0.3       %
Charges
Operating
Profit, as                       $ 598,961       14.7   %   $ 608,366       14.2      %
Adjusted
                                                                                              
                                                                                              
Net Earnings and Earnings per Share Excluding
Restructuring Charges and Tax Benefit
                                 Year Ended
                                                 Diluted
                                 Dec. 30, 2012   Per          Dec. 25, 2011   Diluted Per
                                                 Share                        Share Amount
                                                 Amount
Net Earnings,                    $ 335,999       $ 2.55       $ 385,367       $ 2.82
as Reported
Restructuring
Charges, Net                       34,762          0.26         9,178           0.07
of Tax
2011 Tax                          -             -          (20,477   )    (0.15     )
Benefit
Net Earnings,                    $ 370,761      $ 2.81      $ 374,068      $ 2.74      
as Adjusted

Contact:

Hasbro, Inc.
Investor Relations
Debbie Hancock, 401-727-5401
or
News Media
Wayne Charness, 401-727-5983
 
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