Hasbro Inc. undefined posted third-quarter earnings that roughly halved versus the year-earlier period as retailers sped up shipments for the holiday season...
Hasbro Inc. HAS, +1.67% posted third-quarter earnings that roughly halved versus the year-earlier period as retailers sped up shipments for the holiday season and customers showed the pressures from high inflation. The company posted net income of $129.2 million, or 93 cents a share, for the quarter, down from $235.2 million, or $1.83 a share, in the year-earlier period. Adjusted per-share earnings came to $1.42, below the $1.52 FactSet consensus. Revenue fell 15% to $1.676 billion from $1.
"As expected, the third quarter is our most difficult comparison and was further impacted by increasing price sensitivity for the average consumer," CEO Chris Cocks said in a statement. The numbers were also impacted by the acceleration of consumer product shipments by retailers fearing supply chain challenges heading into the holiday season, he said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marvel Legends War Machine Figure Revealed By HasbroThe Hasbro MarvelLegends team revealed a new WarMachine exclusive that is going on sale tomorrow afternoon on HasbroPulse.
Read more »
Netflix and Tesla stocks are not having a good year, but here comes a chance to turn it aroundEarnings watch: Questions about demand dog Netflix and Tesla, while Snap faces an uncertain environment for online advertising --- all will take the stage for Wall Street in the week ahead.
Read more »
Trimble Inc. moves HQ from Sunnyvale to Colorado, but keeps Bay Area presence - Silicon Valley Business Journal'Sunnyvale will continue to be the center for technology development across a range of areas critical to Trimble's success going forward,' said Trimble CEO Rob Painter.
Read more »
Trimble Inc. moves HQ from Sunnyvale to Colorado, but keeps Bay Area presence - Silicon Valley Business Journal'Sunnyvale will continue to be the center for technology development across a range of areas critical to Trimble's success going forward,' said Trimble CEO Rob Painter.
Read more »
Wall Street rally throws spotlight on reports from Tesla, NetflixInvestors are speculating about whether Monday's big stock surge is the start of a recovery or another pause in the market's decline, and the answer may depend in part on upcoming quarterly results from heavyweights including Tesla Inc , Johnson & Johnson and Netflix Inc .
Read more »
Honeywell forecasts increase in private jet deliveries over next decadeHoneywell International Inc on Sunday lifted its outlook for business jet deliveries, as the COVID-19 pandemic brought in a wave of first-time users and buyers in the private flying market.
Read more »