The overall decline in our boys' business hurt toys' profitability because that is a high margin business for us.

262

While we feel good about the business for the full year, it's worth noting that the second quarter will be challenging.

150

We've made significant progress in our cost savings initiatives, with reductions in all operating expense categories, ... Hasbro's management team remains focused and the expense reduction initiatives we began last year are a major step towards our most important objective of returning as quickly as possible to the profitability levels we have had historically.

137

We expect it to contribute meaningfully to our business this year and next year, but clearly not to the extent it has before.

120