CNN is reporting that although sales fell 7% last quarter and earning were down more than 10%, shares of Hasbro surged more than 13% yesterday. They are looking forward to moving beyond the Toys R Us fiasco. Click through for the full story. Special thanks to JTA reader Jeff M. for the alert!
Fortune is reporting that Hasbro has suffered a 14% decrease in quarterly sales (its largest sales drop in two years). Much of the decrease has been due to a significant drop-off in popular products like the Easy Bake Oven and Super Soaker sales (among other high profile toys including Star Wars and Marvel). Shares recently fell 8.5%, the worst drop since October 2015 (right after Force Friday). The article goes on to say that the suits at Hasbro are banking on Star Wars: The Last Jedi to boost their faltering bottom line. Check out the article.
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