Retail News

Hasbro pounded due to Toys ‘R’ Us closings

CNBC 04/23/2018

Hasbro management warned investors back in February that they foresaw that the imminent demise of Toys “R” Us would undercut their business, and they were right. The toymaker reported a first quarter net loss of $112.5 million, or 90 cents per share, compared with a profit of $68.6 million, or 54 cents per share, a year earlier. Shares of the company plunged in pre-market trading today.

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