(Reuters) - Hasbro Inc (HAS.O) reported a 15.7 percent fall in quarterly revenue on Monday, blaming the liquidation of Toys ‘R’ Us and unsold inventory in Europe.
FILE PHOTO: A Jenga game by Hasbro Gaming is seen in this illustration photo August 13, 2017. REUTERS/Thomas White/Illustration/File Photo
Net loss attributable to Hasbro was $112.5 million, or 90 cents per share, in the first quarter ended April 1, compared with a profit of $68.6 million, or 54 cents per share, a year earlier.
The company’s revenue fell to $716.3 million from $849.7 million.
Reporting by Aishwarya Venugopal and Nivedita Balu in Bengaluru; Editing by Anil D'Silva
