covid-19 2020 crisis

Hasbro Faces Reduced Revenue, Earnings Amid Film Tentpole Delays

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Debt ratings agency S&P Global Ratings on Thursday reduced its 2020 revenue and earnings forecasts for toy giant Hasbro over concerns around the impact of the COVID-19 crisis on its retail and production pipelines.

Following Hasbro's earnings release on Wednesday, S&P Global said retail store closures and delays in the production and delivery of film and TV episodes by its Entertainment One business due to public health guidelines will lower full-year revenue and EBITIDA assumptions by the credit agency.

EBITDA, or earnings before interest, taxes, depreciation, and amortization, is a key measure used by analysts and investors to measure a company's overall financial performance. "Restrictions on out-of-home consumer activities intended to.

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