Hasbro posts $222.5M profit in 2020, down nearly 36% from year before

PAWTUCKET-BASED Hasbro Inc. earned a profit of $222.5 million in 2020. While that was down 35.7% from 2019, the company said its fourth-quarter profit of $105.2 million was a 10% increase from the same period in 2019. / COURTESY HASBRO INC.
PAWTUCKET-BASED Hasbro Inc. earned a profit of $222.5 million in 2020. While that was down 35.7% from 2019, the company said its fourth-quarter profit of $105.2 million was a 10% increase from the same period in 2019. / COURTESY HASBRO INC.
PAWTUCKET – Hasbro Inc. earned a profit of $222.5 million in 2020, a 35.7% decline year over year, the company reported Monday. Revenue totaled $5.5 billion, an 8% decline year over year. Earnings per share for the year were $1.62 per share, compared with $2.51 one year prior. The company said that its full-year operations…

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