Potential industry slowdown in toy sales weighs on shares of Hasbro and Mattel

FILE - The Hasbro logo is seen on April 26, 2018, in New York. Hasbro’s third-quarter revenue performance missed Wall Street’s expectations and the company cut its full-year revenue outlook again as signs of a possible industry slowdown in toy sales heading into the holiday season weighs on jittery investors.

For the quarter, Hasbro’s revenue slipped to $1.5 billion from $1.68 billion. Analysts polled by Zacks Investment Research were looking for higher revenue of $1.64 billion.The Pawtucket, Rhode Island-based company now foresees full-year revenue falling 13% to 15%, driven by a softer toy outlook for its consumer products division, which includes toys, games, clothing, music and other categories.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Potential industry slowdown in toy sales weighs on shares of Hasbro and MattelHasbro’s third-quarter revenue performance missed Wall Street’s expectations and the company cut its full-year revenue outlook again as signs of a possible industry slowdown in toy sales heading into the holiday season weighs on jittery investors.
Fuente: ksatnews - 🏆 442. / 53 Leer más »

Potential industry slowdown in toy sales weighs on shares of Hasbro and MattelHasbro’s third-quarter revenue performance missed Wall Street’s expectations and the company cut its full-year revenue outlook again as signs of a possible industry slowdown in toy sales heading into the holiday season weighs on jittery investors.
Fuente: wjxt4 - 🏆 246. / 63 Leer más »