Hasbro said it will absorb charges of as much as $60 million in the next quarter related to paying severance. Both toy makers have acknowledged they've been hurt this year by the shuttering of Toys R Us stores, the largest independent toy seller in the world. It is the first full quarter that the company has been without Toys R Us as a customer. The lost Toys R Us revenue hurt Hasbro most notably in the U.S., Europe, Australia and Asia, contributing to the company's 12 percent revenue decline overall for the quarter. Goldner said the company has recaptured about one third of the U.S. and Canada Toys R Us revenues heading into the holiday.

Source: ABC News October 22, 2018 11:02 UTC