The November and December holiday season is important because companies can make 40 percent or more of their annual revenue then.
Hasbro (HAS) shares fell in early premarket trading.
Its sales of toys in the boys' category dropped 16 percent in the quarter. Preschool sales slipped 1 percent.
Hasbro's brands include My Little Pony, Transformers and Monopoly.
Last month rival Mattel's (MAT) fourth-quarter results missed analyst estimates as sales of toys like Barbie and Fisher-Price preschool items dropped.
For the period ended Dec. 29, Hasbro earned $129.8 million, or 98 cents a share. That compares with $130.3 million, or 99 cents a share, a year ago.
Excluding restructuring charges, pension costs and product-related charges, as well as a benefit related to a legal settlement, earnings were $1.12 a share. Analysts surveyed by FactSet expected earnings of $1.21 a share.
Revenue for the Pawtucket, R.I., company was basically flat at $1.28 billion. Analysts expected revenue of $1.3 billion.
Hasbro said its full-year net income fell 15 percent to $286.2 million, or $2.17 a share, from $336 million, or $2.55 a share, in the previous year.
Adjusted earnings were $2.83 a share.
Annual revenue fell to $4.08 billion from $4.09 billion.
Hasbro also announced Monday that it is raising its quarterly dividend by 8 percent to 43 cents a share from 40 cents a share. The dividend will be paid on May 15 to shareholders of record on May 1.
The company's stock shed $1.52, or 3 percent, to $48.57 in premarket trading about 2½ hours ahead of the market open.