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Toys R Us bankruptcy won't stop Hasbro from selling its toys there, Hasbro CEO says [CNBC]

COMCAST CORP (CCV)  More Company Research Source: CNBC
US:NYSE Investor Relations: cmcsa.com/investors
PDF Toys R Us' Chapter 11 bankruptcy filing won't stop Hasbro from selling its toys at Toys R Us stores this holiday season, Hasbro CEO Brian Goldner told CNBC on Monday. We didn't know that it was going to happen, and obviously when you first hear about this you take a few days off. We wanted to understand exactly what the impact might be, Goldner told Mad Money host Jim Cramer after earnings. While Hasbro's quarterly report beat Wall Street estimates, shares of the toy maker fell over 8 percent intraday on muted guidance for holiday sales related to Toys R Us' bankruptcy filing. On Hasbro's conference call, Goldner called the near-term effect of the Toys R Us news disruptive and told listeners that Hasbro paused shipments while the company searched for clarity on the toy seller's situation. It's taken us a month to get a plan together and a new agreement with them which we've signed just a few days ago, Goldner told Cramer. With less than two months left unt [Read more]

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