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Transformers BLOG
Toys R Us Bankruptcy Expected To Hurt Hasbro's Holiday Earnings
ExVee - Wednesday, October 25, 2017


A new report on CNN Money is bringing attention to the ripples that the bankruptcy filing of Toys R Us is likely to make in the toy industry. Hasbro's quarterly earnings call recently noted a healthy growth for the company above expectations in the third quarter. But the fourth quarter, reliant on the all important shopping holidays, is looking to be less fruitful. During the lead up to the bankruptcy decision, Hasbro made clear their intent to maintain normal business relations with Toys R Us, indicating how much value they still carry as a retail partner. Keep reading to find the link back to the original article!

...chief financial officer Deborah Thomas warned that sales would be up only 4% to 7% from a year ago in the fourth quarter because of the Toys 'R' Us turmoil and weakness in some international markets. Wall Street was expecting growth of 11.5%.

The bankruptcy of Toys 'R' Us is yet another sign of the rise of Amazon (AMZN, Tech30) as well, as more consumers opt to buy their holiday toys on their smartphones instead of fighting crowds at the mall on Black Friday and throughout December.


Hasbro hurt by Toys 'R' Us bankruptcy

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The BBC and The Guardian are both reporting on a new development with the UK arm of Toys R Us that's putting serious pressure on the retailer. While the recently discussed bankruptcy protection proceedings of Toys R Us here in the US is not directly impacting other regions, Toys R Us UK is nonetheless investigating solutions to deal with its own financial problems, but with an added wrinkle: If the company cannot contribute £9 million (about $12 million) to its pension fund at least one state agency, the Pensions Protection Fund may vote against its current restructuring proposal, which could ultimately lead to all the UK stores shutting down. Keep reading for more.


We reported about a week ago on the possibility of a merger between Hasbro and Mattel, initiated by Hasbro themselves. We have word via Reuters that this effort did not proceed very far, and as of the current time the dealings are not moving forward. Reuters reports via confidential sources that part of the failure to deal at this time was due to what Mattel indicated was an "undervaluing" of the company by Hasbro. We don't expect much more to develop on this anytime soon, but as this wasn't the first time Hasbro has put out feelers, we're also sure it won't be the last. Find a link to the report in the full article below!












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