The bankruptcy of Toys‘R’Us weakened Hasbro Inc.’s forecasts for the holiday season in otherwise strong third-quarter results on Monday, boding ill for a sector worried by the collapse of a major customer, Reuters reported. The Amazon-fueled move away from brick-and-mortar retailing was behind the surprise filing last month by Toys‘R’Us, which left Hasbro exposed to the tune of $60 million in unsecured claims for payment. The U.S. toymaker, which was selling about 9 percent of its total inventory through Toys‘R’Us stores, said third-quarter profit rose 3 percent and revenue 7 percent — above analysts’ estimates — even as the bankruptcy began to hurt operations. Hasbro’s estimate for the fourth quarter of an increase of 4 to 7 percent over last year’s $1.63 billion, however, was below Wall Street expectations. “We continue to work closely with Toys‘R’Us as we head into the holiday period,” Hasbro’s Chief Executive Brian Goldner said in a statement.
