Hasbro Posts Weak 3q, Hurt By Demise Of Toys R Us

Paul Edward Parker, The Providence Journal
Mon, 10/22/2018 - 6:31am

PAWTUCKET, R.I. — Toymaker Hasbro on Monday reported a 12 percent decline in third quarter revenues, down to 1.57 billion, compared to $1.79 billion in the third quarter of 2017, and attributed the drop to lost revenues from bankrupt toy store chain Toys R Us.Hasbro's third-quarter earnings report alluded to apparent layoffs that swept the company last week."As part of the company’s ongoing efforts to compete in an evolving marketplace, Hasbro is undertaking [...]

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Hasbro Posts Weak 3q, Hurt By Demise Of Toys R Us

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