Pawtucket, RI (February 10, 2014) -- Hasbro, Inc. (NASDAQ: HAS) today reported financial results for the full-year and fourth quarter 2013. Net revenues for the full-year 2013 were $4.08 billion and flat with full-year 2012 revenues of $4.09 billion. Full-year 2013 net revenues include a favorable $3.7 million impact of foreign exchange.
Net earnings for the full-year 2013 were $286.2 million, or $2.17 per diluted share, versus $336.0 million, or $2.55 per diluted share, in 2012. 2013 net earnings include pre-tax charges of $36.7 million associated with restructuring, $7.0 million of related pension costs, $61.1 million associated with the settlement of a previously disclosed adverse arbitration award, $40.6 million of charges related to certain non-strategic brands as well as a $23.6 million favorable tax adjustment. Excluding these items, 2013 net earnings were $372.4 million, or $2.83 per diluted share.
Net earnings for the full-year 2012 were $336.0 million, or $2.55 per diluted share. Excluding pre-tax restructuring charges of $47.2 million, or $0.26 per diluted share, 2012 net earnings were $370.8 million, or $2.81 per diluted share.
For the fourth quarter 2013, the Company reported net revenues of $1.28 billion which were flat with $1.28 billion in 2012. Foreign exchange had a $2.3 million positive impact on revenues for the fourth quarter 2013.
The breakdown shows Girls toys up more than 20% but boys toys, with Marvel licenses in the lead, brought that number back into the Red.