Hasbro profit declines on pension settlement while sales push up

HASBRO'S SECOND-QUARTER profit totaled $13.4 million. In the fall of 2017 the company held HasCon, an event that showcased Hasbro's brands - including Monopoly - and licensed products. / PBN FILE PHOTO/NICOLE DOTZENROD
HASBRO'S SECOND-QUARTER profit totaled $13.4 million. In the fall of 2017 the company held HasCon, an event that showcased Hasbro's brands - including Monopoly - and licensed products. / PBN FILE PHOTO/NICOLE DOTZENROD
PAWTUCKET – Hasbro Inc. reported a profit of $13.4 million in the second quarter, a 77.7% decline from the same 2018 period. Earnings per diluted share for the quarter were 11 cents, compared with 48 cents one year prior. The year-over-year profit decline was in large part due to a noncash after-tax charge of $85.9 million…

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