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Hasbro's Earnings Conf. Call Transcript
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<blockquote data-quote="joethelawyer" data-source="post: 4761594" data-attributes="member: 55764"><p>Link here, transcript from seekingalpha:</p><p></p><p><a href="http://seekingalpha.com/article/131850-hasbro-inc-f1q09-qtr-end-03-29-09-earnings-call-transcript?source=yahoo" target="_blank">http://seekingalpha.com/article/131850-hasbro-inc-f1q09-qtr-end-03-29-09-earnings-call-transcript?source=yahoo</a></p><p></p><p></p><p></p><p></p><p>Haven't read it yet. Only mention of WOTC or DND is here, as far as I can tell with a quick word search:</p><p></p><p>...</p><p></p><p><strong>John Taylor – Arcadia</strong></p><p> Last year you outlined for us a number of strategic initiatives and outlined the cost impact on that. I wonder if you could give us an update on what that delta looked like in Q1 for build out of the offices in developing markets and the Hollywood effort in digital and all that stuff.</p><p> <strong>David Hargreaves</strong></p><p> Those costs haven’t really gone away, although we would characterize them differently. Last year the fact that we had an office in Brazil and a start in Brazil but we actually hadn’t started shipping any product or invoice out of that company. You had the costs but no revenue to go with it so we called it an investment. This year the cost is still there but I don’t think we characterize it as an investment. </p><p> Similarly for EA last year we had Mark Blackham and his team that oversee our EA business here probably about 14 or 15 people and they were all in place but there was no revenue. This time last year we were talking about that as an investment spending. Now we’re getting the revenue to go with the costs so the cost is still here but we wouldn’t characterize that as an investment. The costs that we had last year are still here even costs to get digital Dungeons & Dragons and Dracula, some of those costs are still here although there are now revenues to go with D&D inside them.</p><p></p><p>...</p><p></p><p></p><p>From the site I linked to above, figured I would include it here so there is no confusion as to the source...</p><p></p><p></p><p><strong>Copyright policy:</strong> All transcripts on this site are the copyright of Seeking Alpha. However, we view them as an important resource for bloggers and journalists, and are excited to contribute to the democratization of financial information on the Internet. (Until now investors have had to pay thousands of dollars in subscription fees for transcripts.) So our reproduction policy is as follows: <strong>You may quote up to 400 words of any transcript on the condition that you attribute the transcript to Seeking Alpha and either link to the original transcript or to <a href="http://www.SeekingAlpha.com" target="_blank">www.SeekingAlpha.com</a>. </strong>All other use is prohibited.</p><p> THE INFORMATION CONTAINED HERE IS A TEXTUAL REPRESENTATION OF THE APPLICABLE COMPANY'S CONFERENCE CALL, CONFERENCE PRESENTATION OR OTHER AUDIO PRESENTATION, AND WHILE EFFORTS ARE MADE TO PROVIDE AN ACCURATE TRANSCRIPTION, THERE MAY BE MATERIAL ERRORS, OMISSIONS, OR INACCURACIES IN THE REPORTING OF THE SUBSTANCE OF THE AUDIO PRESENTATIONS. IN NO WAY DOES SEEKING ALPHA ASSUME ANY RESPONSIBILITY FOR ANY INVESTMENT OR OTHER DECISIONS MADE BASED UPON THE INFORMATION PROVIDED ON THIS WEB SITE OR IN ANY TRANSCRIPT. USERS ARE ADVISED TO REVIEW THE APPLICABLE COMPANY'S AUDIO PRESENTATION ITSELF AND THE APPLICABLE COMPANY'S SEC FILINGS BEFORE MAKING ANY INVESTMENT OR OTHER DECISIONS.</p><p> If you have any additional questions about our online transcripts, please contact us at: <u>transcripts@seekingalpha.com</u>. Thank you!</p></blockquote><p></p>
[QUOTE="joethelawyer, post: 4761594, member: 55764"] Link here, transcript from seekingalpha: [URL]http://seekingalpha.com/article/131850-hasbro-inc-f1q09-qtr-end-03-29-09-earnings-call-transcript?source=yahoo[/URL] Haven't read it yet. Only mention of WOTC or DND is here, as far as I can tell with a quick word search: ... [B]John Taylor – Arcadia[/B] Last year you outlined for us a number of strategic initiatives and outlined the cost impact on that. I wonder if you could give us an update on what that delta looked like in Q1 for build out of the offices in developing markets and the Hollywood effort in digital and all that stuff. [B]David Hargreaves[/B] Those costs haven’t really gone away, although we would characterize them differently. Last year the fact that we had an office in Brazil and a start in Brazil but we actually hadn’t started shipping any product or invoice out of that company. You had the costs but no revenue to go with it so we called it an investment. This year the cost is still there but I don’t think we characterize it as an investment. Similarly for EA last year we had Mark Blackham and his team that oversee our EA business here probably about 14 or 15 people and they were all in place but there was no revenue. This time last year we were talking about that as an investment spending. Now we’re getting the revenue to go with the costs so the cost is still here but we wouldn’t characterize that as an investment. The costs that we had last year are still here even costs to get digital Dungeons & Dragons and Dracula, some of those costs are still here although there are now revenues to go with D&D inside them. ... From the site I linked to above, figured I would include it here so there is no confusion as to the source... [B]Copyright policy:[/B] All transcripts on this site are the copyright of Seeking Alpha. However, we view them as an important resource for bloggers and journalists, and are excited to contribute to the democratization of financial information on the Internet. (Until now investors have had to pay thousands of dollars in subscription fees for transcripts.) So our reproduction policy is as follows: [B]You may quote up to 400 words of any transcript on the condition that you attribute the transcript to Seeking Alpha and either link to the original transcript or to [url]www.SeekingAlpha.com[/url]. [/B]All other use is prohibited. THE INFORMATION CONTAINED HERE IS A TEXTUAL REPRESENTATION OF THE APPLICABLE COMPANY'S CONFERENCE CALL, CONFERENCE PRESENTATION OR OTHER AUDIO PRESENTATION, AND WHILE EFFORTS ARE MADE TO PROVIDE AN ACCURATE TRANSCRIPTION, THERE MAY BE MATERIAL ERRORS, OMISSIONS, OR INACCURACIES IN THE REPORTING OF THE SUBSTANCE OF THE AUDIO PRESENTATIONS. IN NO WAY DOES SEEKING ALPHA ASSUME ANY RESPONSIBILITY FOR ANY INVESTMENT OR OTHER DECISIONS MADE BASED UPON THE INFORMATION PROVIDED ON THIS WEB SITE OR IN ANY TRANSCRIPT. USERS ARE ADVISED TO REVIEW THE APPLICABLE COMPANY'S AUDIO PRESENTATION ITSELF AND THE APPLICABLE COMPANY'S SEC FILINGS BEFORE MAKING ANY INVESTMENT OR OTHER DECISIONS. If you have any additional questions about our online transcripts, please contact us at: [U]transcripts@seekingalpha.com[/U]. Thank you! [/QUOTE]
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