February 8, 2019 / 11:39 AM / 12 days ago

Hasbro misses quarterly sales estimates

Feb 8 (Reuters) - Toymaker Hasbro Inc reported a bigger-than-expected fall in quarterly revenue on Friday, as it continued to struggle with lost sales from the collapse of retailer Toys ‘R’ Us and a challenging retail environment in the UK.

The company’s net revenues fell to $1.39 billion in the fourth quarter ended Dec. 30 from $1.6 billion a year earlier, while analysts were expecting $1.52 billion, according to IBES data from Refinitiv.

The company reported net income of $8.8 million, or 7 cents per share, compared with a loss of $5.3 million, or 4 cents per share, a year earlier, when it took a one-time charge related to changes in U.S. tax laws. (Reporting by Uday Sampath in Bengaluru Editing by Saumyadeb Chakrabarty)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below