Hasbro’s 3Q earnings were 15.7% below analysts’ estimates gathered by S&P Global Market Intelligence. The toymaker’s CEO, Brian Golden has blamed the “multiple different dates for the enactment of List 4 tariffs come and then be delayed, now scheduled for December 15” which meant the firm’s customers “canceled major direct import program orders and rewrote many of those orders as domestic shipments.” While U.S. seaborne shipments linked to Hasbro climbed 12.6% year over year in 3Q, Panjiva data shows, that masks a sharp growth in July and August followed by a 54.4% slump in September. Th...
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