'Meaningful impact' of Toys R Us closure will end after the next quarter, Hasbro CEO says [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
show chapters Hasbro will still feel the impact from the liquidation of Toys R Us in the next quarter — but not beyond that, the company's chairman and CEO, Brian Goldner, told CNBC on Monday after reporting its earnings. Really, the next quarter is the last quarter where Toys R Us has a meaningful impact, Goldner told Mad Money host Jim Cramer . Hasbro's third-quarter earnings report Monday disappointed investors. During the post-earnings conference call, Goldner attributed the weakness to toy demand coming later than expected. But with Hasbro's U.S. and European inventories down by double digits, the CEO said the only missing piece was Asia, where Toys R Us still has some hope of surviving. We're waiting for some resolution to Toys R Us Asia as the two partners work out a new arrangement in China, and then we move forward without Toys R Us, Goldner told Cramer. In the meantime, Hasbro is working on broadening its retail footprin
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