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Hasbro pushes $50 million in orders to the fourth quarter due to supply chain changes

Today 15:26 GMT

Hasbro Inc. Chief Executive Brian Goldner said $50 million in U.S. third-quarter orders were shipped during the first week of the fourth quarter, thanks to supply chain changes brought about by the Toys ‘R’ Us liquidation.

Hasbro reported an earnings and sales miss for the third quarter, sending shares down as much as 6% in Monday premarket trading. “I think the Toys “R” Us news has re-energized the toy industry,” said Juli Lennett, NPD’s senior vice president and industry adviser for toys, in an October report.

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