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

Do You Want To Create 20 Animated Logo Intro Video In $5 ? Visit My Portfolio: Please Contact Me: TuesdayThoughts TuesdayMotivation TuesdayMorning FixWWE2K20 animationlogo video YouTube Fiverr RT

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

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves premarket: Biogen, Under Armour, P&G, Hasbro & moreThese are the stocks posting the largest moves before the bell.
Source: CNBC - 🏆 12. / 72 Read more »

Hasbro Earnings Hit by U.S.-China Trade WarThe toy and entertainment company is close to completing a deal to acquire Entertainment One for $4 billion.
Source: THR - 🏆 411. / 53 Read more »

European shares fall amid earnings deluge; Reckitt slides on outlook cutEuropean shares fell on Tuesday as investors sifted through a mixed bag of corpo... Earnings being revised down, if German economy really is in a recession...
Source: Reuters - 🏆 2. / 97 Read more »

Hasbro Earnings Hit by U.S.-China Trade WarThe toy and entertainment company is close to completing a deal to acquire Entertainment One for $4 billion.
Source: THR - 🏆 411. / 53 Read more »

Stocks close broadly higher, led by tech companies, banksStocks on Wall Street moved broadly higher Monday as investors watched corporate earnings reports and developments in the U.S.-China trade war. America, see how cutting corners can kill your reputation, and hurt your stock price. Boeing would have done better fixing problems with the 737MAX before production, than trying to shortcut the system killing over 300 souls.
Source: latimes - 🏆 11. / 82 Read more »