Oct 23 (Reuters) - Hasbro Inc :Hasbro CEO- Q3 operating profit margin would have been about 100 basis points higher excluding incremental bad debt expense related to Toys R Us bankruptcy -conf call.Hasbro CFO- "expect timing impact of ultimate collection from our Toys"R"Us receivables could add an incremental 2 days on our year-end receivables compared to the end of 2016" -conf call.Hasbro CFO- "there is higher near-term uncertainty with Toys"R"Us as we see how they'll begin to execute their plan to emerge from Chapter 11" -conf call.Hasbro CFO- "we did have some shipments that we stopped when we heard of Toys"R"Us declaring their bankruptcy. But just for a short period of time" -conf call.Hasbro CFO- "With Toys"R"Us just having filed for bankruptcy so late in the third quarter, we've adjusted a bit our thoughts around the fourth quarter" -conf call.Hasbro CEO on Toys "R" Us bankruptcy- "In fact, this wouldn't have been an issue had it happened earlier in the year, and it's not an issue for us in 2018".Hasbro CEO on Toys "R" Us bankruptcy- "we do need to assess what Toys"R"Us will represent of the total inventories in the fourth quarter".Hasbro CEO indicates "fluid environment" about shipping to Toys "R" Us, says "there's an opportunity to put our inventory up in the marketplace in a number of places".Hasbro CEO - have signed an agreement with Toys R Us on receivables and go-forward on finance.
Oct 23 (Reuters) - BIGBEN INTERACTIVE SA ::Q2 REVENUE EUR 62.9 MILLION VERSUS EUR 46.9 MILLION YEAR AGO.SEES CONTINUED GROWTH IN H2.CONFIRMS FY OBJECTIVES..
Oct 23 (Reuters) - Hasbro Inc :Hasbro reports revenue, net earnings and earnings per share growth for third quarter 2017.Q3 earnings per share $2.09.Q3 revenue $1.79 billion versus I/B/E/S view $1.78 billion.Q3 earnings per share view $1.94 -- Thomson Reuters I/B/E/S.Sees Q4 revenue up 4 to 7 percent.Hasbro Inc - Qtrly international segment net revenues increased 7% to $739.2 million compared to $690.7 million in 2016.Hasbro Inc qtrly U.S. and Canada segment net revenues increased 7% to $993.8 million.Hasbro Inc - Qtrly hasbro gaming revenues grew 22% to $280.1 million.Hasbro Inc qtrly franchise brand revenues increased 7% to $827.3 million.Hasbro Inc qtrly partner brand revenues decreased 2% to $485.7 million.Hasbro Inc - Qtrly reported net earnings include a $0.04 per diluted share benefit versus Q3 2016 from adoption of FASB ASU No. 2016-09.Hasbro Inc- U.S. and Canada segment was negatively impacted by Toys"R"Us bankruptcy in Q3.Hasbro Inc - "Updated expectation is Q4 revenues will increase in a range of 4% to 7% versus q4 2016".Hasbro Inc - Continue to "work closely with Toys"R"Us" as co heads into holiday period.
Oct 20 (Reuters) - Summer Infant Inc :Summer Infant enters into amended credit agreement.Summer Infant - amended existing credit facility to provide near-term financial flexibility as result of bankruptcy filing by Toys "R" Us on Sept 18.Summer Infant - bankruptcy of Toys "R" Us negatively impacted net revenue of Summer Infant by approximately $2.3 million during Q3.Summer Infant Inc - as part of amendment, Summer Infant's lenders waived any loan violations that may have occurred due to certain "overadvances".Summer Infant - expects charge of about $2.1 million in Q3 as allowance for bad debt related to pre-bankruptcy petition accounts receivable from Toys "R" Us.Summer Infant - the "overadvances" were made after Toys "R" Us receivables were no longer deemed "eligible accounts" under credit facility's revolver base.
Oct 17 (Reuters) - Hornby Plc :GROUP WILL NO LONGER OFFER FOR SALE LARGE QUANTITIES OF STOCK AT A DISCOUNT.IT IS NOW CLEAR THAT SHORTFALL IS UNLIKELY TO BE RECOUPED IN CURRENT YEAR.EXPECTED THAT REVENUE WILL BE LOWER AND, CONSEQUENTLY, THERE WILL BE A MATERIAL IMPACT ON PROFITABILITY IN CURRENT FINANCIAL YEAR.DAVID ADAMS, INTERIM CHAIRMAN, HAS INDICATED TO BOARD OF HIS INTENTION TO STEP DOWN FROM BOARD TO TAKE UP ANOTHER APPOINTMENT.SEARCH FOR AN INDEPENDENT NON-EXECUTIVE CHAIRMAN IS PROGRESSING.
Oct 16 (Reuters) - MONDO TV SPA ::MONDO TV SUISSE <<>> AND AURORA WORLD CORP <<<039830.KQ>>> SAY NETFLIX <<>> HAS ENTERED INTO LICENSING AGREEMENT OF ANIMATED TV SERIES BASED ON CHARACTER YOOHOO.SERIES TO BE CO-PRODUCED BY NETFLIX, AURORA AND MONDO TV AND TO PREMIER ON NETFLIX IN LATE 2018 GLOBALLY WITH THE EXCEPTION OF FRANCE, ITALY, SPAIN AND PORTUGAL, RUSSIA AND POLAND.ENTERS THE U.S. MARKET WITH NETFLIX DEAL AND SEES SIGNIFICANT REVENUES AND PROFITS ALREADY SINCE 2019.