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Q3 2012 Earnings Call
October 22, 2012 8:30 am ET
Brian D. Goldner - Chief Executive Officer, President, Director and Member of Executive Committee
Deborah M. Thomas - Chief Financial Officer, Principal Accounting Officer and Senior Vice President
David D. R. Hargreaves - Chief Operating Officer
Michael A. Swartz - SunTrust Robinson Humphrey, Inc., Research Division
Margaret B. Whitfield - Sterne Agee & Leach Inc., Research Division
Felicia R. Hendrix - Barclays Capital, Research Division
Sean P. McGowan - Needham & Company, LLC, Research Division
Eric O. Handler - MKM Partners LLC, Research Division
Andrew E. Crum - Stifel, Nicolaus & Co., Inc., Research Division
Michael Kelter - Goldman Sachs Group Inc., Research Division
Jaime M. Katz - Morningstar Inc., Research Division
Timothy A. Conder - Wells Fargo Securities, LLC, Research Division
Phil Anderson - Longbow Research LLC
Gregory R. Badishkanian - Citigroup Inc, Research Division
Gerrick L. Johnson - BMO Capital Markets U.S.
Previous Statements by HAS
» Hasbro Management Discusses Q2 2012 Results - Earnings Call Transcript
» Hasbro's CEO Discusses Q1 2012 Results - Earnings Call Transcript
» Hasbro's CEO Discusses Q4 2011 Results - Earnings Call Transcript
At this time, I'd like to turn the call over to Ms. Debbie Hancock, Vice President of Investor Relations. Please go ahead.
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 earnings 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, in today's press release and in our other public disclosure. 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
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.
Now as we enter the holiday season, it's all about new Hasbro and partner initiatives across brands, categories and geographies, including reimagined and completely new brands. Furby is one of the most exciting new initiatives for the holiday season and is off to a great start. The team did a tremendous job reimagining this brand for today's consumers by integrating innovative new technologies with a great all-new personality that develops depending on how you interact with your Furby. For more interactive fun, you can download the free app to virtually feed Furby and access a FURBISH to English dictionary. Furby is available in English-speaking markets this holiday season and will ship globally in 2013.
Backed by 2 tremendously successful films, we have seen good momentum with our Marvel products throughout 2012. Similar to how we are building Hasbro brand franchises, we partnered with Marvel to expand into new categories, including Games and Preschool and to execute across markets globally. We have the innovative new items for the holiday for both Marvel's The Avengers and The Amazing Spider-Man. In addition to Furby and our Marvel line, we believe we have the strongest holiday line in a number of years, including great new products from brands like FurReal Friends, Baby Alive, My Little Pony, Littlest Pet Shop, One Direction, Nerf, Koosh, Beyblade, Transformers, PLAYSKOOL and Play-Doh. You can see many of these initiatives on Page 5 of the presentation.
As with toys, our Games line for the holiday 2012 is the strongest it has been in years. The Hasbro brands and innovative platforms created by our new games team come together for the first time this holiday season. We completely reimagined Twister as Twister Dance, and it's off to a strong start. An entirely new Lazer Tag is delivering live laser combat integrated with your iPhone and iPod. Within our Monopoly brand, the Monopoly Millionaire game is all-new and the first to $1 million wins.
This summer, we launched Kaijudo: Rise of the Duel Masters, an all-new brand from Wizards of the Coast. Kaijudo features an online battle game, trading card game, an online trading card game and a television series airing in the U.S. on The Hub TV Network. We have also established new partnerships in the gaming space, which are coming to retail this fourth quarter, along with Rovio Entertainment and Lucasfilm, we recently announced a line of games and toys based on ANGRY BIRDS STAR WARS. Also, our new line of Zynga games, including Words With Friends, CityVille and Draw Something, is available for the holidays.