[CNBC Television] Hasbro CEO on Q1 earnings results, coronavirus impact and what to expect in Q2

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: Brian Goldner, CEO of Hasbro, joins “Squawk Box“ to discuss the company’s earnings, the coronavirus pandemic’s impact on the toy industry, possible disruptions and store closures in the second quarter and more. Hasbro said Wednesday it expects its second quarter to take a hit from the coronavirus pandemic, but it expects to be ready for the holiday season. The comments come as the toymaker reported its first-quarter earnings, telling investors that it has a solid financial footing and is cutting costs as it prepares to meet the seasonal demand that comes in the second half of the year. The coronavirus pandemic has led to store closures due to country-wide restrictions on social interactions as well as global production shutdowns. It’s also created uncertainty, which prompted Hasbro to withdraw its fiscal 2020 financial outlook. That said, Hasbro has benefited from an increased demand for family games, which spiked during the quarter and into April. ″People want to make social connections and we’re seeing it across the board,” Brian Goldner, Hasbro’s chairman and chief executive officer, said on CNBC’s “Squawk Box” Wednesday. In the quarter ended March 29, the company swung to a net loss of $69.6 million, or 51 cents a share, from net income of $26.7 million, or 21 cents a share, in the year-ago period. Excluding non-recurring items, such as eOne acquisition-related expenses, adjusted earnings per share came to 57 cents, below the consensus of 58 cents, according to data from Refinitiv. Revenue rose to $ billion from $732.5 million but came up shy of the Refinitiv consensus of $ billion. Goldner said that sales across every category, including preschool, kids, adults and family games, saw growth during the quarter. Hasbro’s gaming category, including Magic: The Gathering, Monopoly and Hasbro Gaming, grew 40%. E-commerce increased double digits in the first quarter for the company and Walmart, Target and Amazon were Hasbro’s largest customers during the period. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBC TV