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Earnings Outlook: Toy maker earnings: Will Toys ‘R’ Us liquidation continue to squeeze Hasbro and Mattel?

Toy giants Hasbro Inc. and Mattel Inc. are facing a number of headwinds when they report second-quarter earnings, scheduled for July 23 and July 25 respectively.

Stifel analysts are expecting a down quarter for Hasbro HAS, +0.05% with the company continuing to feel the pain of the Toys ‘R’ Us liquidation, surplus inventory in Europe and tough comparisons for the company’s franchise brands, which include Monopoly and Nerf.

“Looking ahead, we assume a return to more normalized growth rates in ‘19, but also see potential headwinds emerging (i.e. input cost inflation),” analysts wrote in a note.

Stifel rates Hasbro shares at hold with a $94 price target.

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