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Toymaker Hasbro's turnaround efforts help Q1 profit beat, ease sales decline

(Reuters) -Hasbro reported a smaller-than-expected drop in first-quarter sales and handily beat profit estimates on Wednesday, as leaner inventories and steady digital gaming revenue helped cushion a drag from softer demand for toys. "We made solid progress in our turnaround efforts in the first quarter," Hasbro CFO Gina Goetter said. Inventory levels remained "healthy both at retail and at Hasbro", the company said, adding it would restock going into the second quarter to ...
Pooja Desai Savyata Mishra Gina Goetter Wizards Of The Coast Consumer Products Digital Gaming
Source: yahoo.com

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