Hasbro: quarterly figures down but above expectations

(CercleFinance.com) - This Monday, Hasbro posted a fall in quarterly net profits, from 67.
7 million dollars for the 2nd quarter of 2017 to 60.3 million for the same period in 2018, or 48 cents per share.

This is however better than analyst expectations, which only forecast on average an EPS of approximately 30 cents.

The toy group's revenue, at 904.5 million dollars, fell 7% with the “USA and Canada” and “International” divisions falling by 7% and 11% respectively, especially as a result of difficulties and the closure of Toys'R'Us stores, a major toy distributor for Hasbro. The “Entertainment and Licensing” branch on its part saw an increase in revenues of 26%.

Copyright (c) 2018 CercleFinance.com. All rights reserved.