Hasbro Releases 2018 Q4 Earning Reports
Hasbro has released their quarterly and full-year financial reports for investors, with some bad news – the company took a bigger hit from the collapse of Toys ‘R’ Us than they anticipated, with almost all sectors of their business taking a significant sales hit.
The lowered sales were compounded by the lack of a major Star Wars film release, meaning that Star Wars toy sales didn’t get the boost they otherwise would.
However, CEO Brian Goldner reassured investors that the collapse of Toys ‘R’ Us was a one-time event – and while share prices took a hit, the investors seemed to understand that the circumstances were beyond Hasbro’s control, particularly in light of the toy slate presented for 2019 and the impressive performance of Hasbro’s “emerging brands” category.
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