Hasbro said Wednesday it expects its second quarter to take a hit from the coronavirus pandemic, but it expects to be ready for the holiday season.
The coronavirus pandemic has led to store closures due to country-wide restrictions on social interactions as well as global production shutdowns. Hasbro noted that it ended the first quarter with $1.2 billion in cash and has a revolving credit facility of $1.5 billion available, should it be needed.
The company swung to a net loss of $69.6 million, or 51 cents a share, from net income of $26.7 million, or 21 cents a share, in the year-ago period.
If they import from China they deserve to go bankrupt. Stop funding the enemy.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SiriusXM Revenues and Earnings Rise, Despite Plunging Auto Sales and AdvertisingSirius XM’s revenue and earnings rose more than expected in its first quarter, but the satellite-radio giant said it lost 143,000 net subscribers for the first quarter, while adding 69,000 se…
Source: Variety - 🏆 108. / 63 Read more »
Australia's Westpac sees over $2 billion hit to earnings amid virusWestpac Banking Corp said it would write down more than A$3.67 billion ($2.36 billion) in its first-half results, with most of the charges stemming from the economic deterioration expected from the coronavirus outbreak. Yesterday NAB, today Westpac. 🧐 Global Depression
Source: Reuters - 🏆 2. / 97 Read more »
VW says expects to be profitable in 2020 as first-quarter earnings dropVolkswagen on Wednesday said it expected to be profitable on a full-year basis even as the coronavirus pandemic caused first-quarter earnings to plunge. How will that be even possible Miss PAC-Man special Edition Limited Goöf R ;) WV WolksVagën looks like pacman
Source: Reuters - 🏆 2. / 97 Read more »
Here's what to expect from Starbucks earningsStarbucks said in early April that its fiscal second-quarter adjusted earnings per share will be 32 cents, down from 60 cents per share in the year-ago period. now here I expect pretty good earnings...therefore stock should go down...
Source: CNBC - 🏆 12. / 72 Read more »