Toymaker Hasbro shares drop more than 10% as tariffs boosts costs and earnings fall short

Shares of Hasbro dropped more than 10% after the toymaker fell short of Wall Street estimates for quarterly profit on Tuesday.The company also faced sluggish demand for its toys, as customers switch to video games or games on their tablets, phones, and computers from traditional toys and board games.

Hasbro recorded higher shipping and warehousing expenses as a result of the disruption and shift of retailer order patterns, the company noted in its earnings report. Franchise brand revenue decreased by 8% to $779.97 million. Although revenue increased for brands Magic: The Gathering and Transformers in the third quarter, these gains were offset by poor sales in Nerf, My Little Pony, Baby Alive and Play Doh.

Tariffs are not hurting China just forcing Americans companies to relocate in an non verbal command, just tax the shit out of exports and start building in house wow what a comrade in chief decision, wake up Americans

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All will bankrupt soon !!! Because you never fight for the trademark and be serious with “pirate act” . Here in South East Asia ... Lego , DC / Disney carton merchandising item ! All fake ..... again !China !!!

Hasbro: move your production to non-tariff country, which there are plenty of in Asia. And stop morning and groaning while supporting live OrganHarvesters in China! Have you no shame?

Wait, what? Tariffs raise costs and hurt revenues? Who knew? scottlincicome

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