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HISSTANK Coverage Of Hasbro 2018 1st Quarter Financial Results

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Earlier this morning, Hasbro held their 2018 1st Quarter Financial Results conference call to investors and press. HISSTANK staff attended live online to learn how Hasbro did last quarter and what lies ahead in the future.

Hasbro is working hard to recover from the impact created by Toys”R”Us Bankruptcy. It was reported that a loss of $61.4 million was associated with the unfortunate event. With this loss, Hasbro posted a total $112.5 million loss in Q1 2018 results.

“The Hasbro teams executed extremely well during a challenging first quarter,” said Brian Goldner, Hasbro’s chairman and chief executive officer. “Hasbro brands are resonating with consumers and consumer takeaway is positive. However, as we discussed earlier in the year, our first quarter was expected to be difficult. We are working to put the near-term disruption from Toys”R”Us behind us. Our global retailers view this as an opportunity in a key consumer category and are partnering with Hasbro to develop growth plans for our brands. New Hasbro initiatives shipping in this quarter and beyond won’t be caught up in the Toys”R”Us liquidation process. With the rapid shift to a converged retail environment, we accelerated plans we originally had spread throughout the year to transform our commercial organization on a more immediate basis.”

With that, we wrap-up our report of the financial call. You can check out an infographic of the summary, after the jump.

Discussion / Comments (Jump to this Thread on the Forum)

  2. truejoefan's Avatar truejoefan says

    Yikes that sounds like a huge loss. All the more reason for the entire toy industry to take this TRU closing a bit more seriously. If Hasbro took that big of a hit I wonder how big of a hit company's like Mattle and even smaller ones like Neca took.

  4. Stygian has no avatar! Stygian says

    The loss isn't surprising and was anticipated when news of TRU closing was first announced. They'll be fine in the long run, but many toy companies who did business with TRU are going to feel the hit. And yes, companies like Mattel, Spinmaster, Playmates, NECA, etc, will be impacted.

  5. blayze5150's Avatar blayze5150 says

    Somebody is going to shoot this down, but just food for thought.... I wonder if putting new toys out for a globally recognized brand with a well established fan base that has in the past proven to be a very profitable commodity would help?

  6. foxtrot27's Avatar foxtrot27 says

    Maybe now they'll get there butts in gear and drop all that hiatus nonsense and get back to producing Joes to boost their revenue right now. I can only hope they find retailers since they didn't have anything to present at toyfair.

  7. Ako Roshi's Avatar Ako Roshi says

    Quote:
    Originally Posted by foxtrot27 View Post
    Maybe now they'll get there butts in gear and drop all that hiatus nonsense and get back to producing Joes to boost their revenue right now. I can only hope they find retailers since they didn't have anything to present at toyfair.
    That's their biggest problem right now - What retailer is left who's going to buy their product? Wal-Mart was pretty much done after they got burned with so much overstock from RoC. Kmart is closing stores left and right, and now Toys R Us is out of business. Who's left? Target?

    Something Hasbro should consider is opening their own stores, much like Disney.

  8. blayze5150's Avatar blayze5150 says

    Quote:
    Originally Posted by Ako Roshi View Post
    That's their biggest problem right now - What retailer is left who's going to buy their product? Wal-Mart was pretty much done after they got burned with so much overstock from RoC. Kmart is closing stores left and right, and now Toys R Us is out of business. Who's left? Target?

    Something Hasbro should consider is opening their own stores, much like Disney.
    These stupid movie deals are ridiculous. When has one been profitable? It seems like movies flood the shelves with toys that don’t sell and sour retailers on product. Somebody needs to look at the elephant in the room and say, “This really doesn’t work.” Cartoons sell action figures, unless you’re Star Wars or Marvel.

  9. plastic army 72 has no avatar! plastic army 72 says

    Quote:
    Originally Posted by Ako Roshi View Post
    That's their biggest problem right now - What retailer is left who's going to buy their product? Wal-Mart was pretty much done after they got burned with so much overstock from RoC. Kmart is closing stores left and right, and now Toys R Us is out of business. Who's left? Target?

    Something Hasbro should consider is opening their own stores, much like Disney.
    I very much echo that sentiment , another couple of examples are LEGO who as well as having their products in many shops , now have their own dedicated shops which are excellent , and Disney who seem to be doing a roaring trade from their own shops , maybe Hasbro should have tied up the movie side of things with Disney , the way that star wars seems to be flourishing would be a good example. physical Hasbro toyshops would be great , they could really promote and push their products out there and very much endear both children and us old farts to their products.

  10. Dolemite's Avatar Dolemite says

    Quote:
    Originally Posted by truejoefan View Post
    Yikes that sounds like a huge loss. All the more reason for the entire toy industry to take this TRU closing a bit more seriously. If Hasbro took that big of a hit I wonder how big of a hit company's like Mattle and even smaller ones like Neca took.
    I really don't understand the mindset of the guys here and on ToyArk (mostly ToyArk) who made their little "lol good riddance TRU" posts, without understanding how horribly TRU's passing would hit the toy industry as a whole. Maybe now they'll pull their heads out of their asses and realize how bad things are going to be.

    I'm especially worried about NECA. This will hit them way hard.

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