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Hasbro: Toys R Us bankruptcy hurt our revenue

April 27, 2018

The bankruptcy of Toys R Us is hurting Hasbro's bottom line to the tune of nearly $100 million.

That's the revenue loss for the toymaker in the first quarter, according to the New York Post.

Shares took a deep dive following the news, dropping nearly 8 percent. Hasbro is laying the financial dip on Toys R Us' unsold inventory and liquidation event.