The nostalgia of Hasbro (HAS) . Who doesn't love the toymaker?
Well, love may not be enough for investors. The toy maker reported their quarterly results on Friday, Feb. 8, 2019. Let's just say - It's not pretty. The firm generated revenue of $1.39 billion in Q4 2018. That number hits the tape about $130 million below what the industry was looking for, while showing as a decline of 13.1% year over year.
Toy competitor Mattel (MAT) earnings tell a different tale. According to Real Money's Kevin Curran one of the key differentiators between the two disparate results was who was best able to adapt sans Geoffrey the Giraffe.
"In terms of brand highlights, 2018 was a great year for Barbie, which sustained growth and continued momentum globally. Barbie worldwide gross sales were up 15% both for the quarter and the full year in constant currency," CEO Ynon Kreiz told investors on the conference call late Thursday.
Related. A Tale of Two Toy Makers
Hasbro's roots trace back to 1923 with an enterprise founded in Providence Rhode Island. Ever wonder how the company got its start? Well, it's the brainchild of three Hassenfeld brothers - Henry, Hilal and Herman.
Want to learn more? Watch the video above, TheStreet's new video series Behind the Label.