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…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -