Pawtucket-based toy maker Hasbro Inc. announced Monday that its first-quarter loss widened, hurt by the cost of stock options. The company reported a net loss of $4.9 million, or 3 cents per diluted share, from $3.71 million, or 2 cents, a year earlier; the net loss includes a stock-based compensation expense of $4.1 million.
Worldwide net revenues for the quarter were $468.2 million, which included an $8.7 million negative impact of foreign exchange, compared to $454.9 million a year ago.
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Sales rose 2.9 percent on demand for board games and Playskool products. Sales in the period ended April 2 increased to $468.2 million, the company said in a statement.
“We are pleased with our first-quarter performance. Worldwide revenues were up 3 percent and 5 percent on a constant dollar basis. We are particularly pleased with the performance of our North American segment where revenues grew 7 percent, driven in part by strong performance in our board game business which was up 11 percent,” said Alfred J. Verrecchia, president and chief executive officer.
North American segment revenues, which includes all of the company’s toys and games business in the United States, Canada and Mexico, for the quarter were $310.3 million, an increase of 7 percent compared to $288.7 million in 2005.
International segment revenues for the quarter were $145.5 million, a decrease of 5 percent compared to $153.1 million in 2005. The revenues include a negative foreign exchange impact of approximately $10.4 million.
