There shouldn't be any surprise about Hasbro's (HAS) lackluster earnings, according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.

"That was one where you knew that they weren't going to make the quarter because they told you they weren't going to make the quarter," Cramer said.

The company was affected by the Toys R Us headwinds. Hasbro CEO Brian Goldner told Cramer on CNBC's Mad Money that the Toys R Us issues should only affect Hasbro for one more quarter. 

For exclusive investing insight from Jim Cramer, get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!

Subscribe to our Youtube Channel for extended interviews, Cramer Replays, feature content, and more!

More from Video

Fisker CEO: Autonomous Electric Shuttle Will Debut Soon at Major Tech Company

Fisker CEO: Autonomous Electric Shuttle Will Debut Soon at Major Tech Company

Jim Cramer: Why We Sold Some Facebook and Bought Amazon

Jim Cramer: Why We Sold Some Facebook and Bought Amazon

Jim Cramer on Tapestry: Accessories Are the Hottest Area of Retail

Jim Cramer on Tapestry: Accessories Are the Hottest Area of Retail

Jim Cramer on Tuesday's Market Gains: Let's Not Get Carried Away

Jim Cramer on Tuesday's Market Gains: Let's Not Get Carried Away

Jim Cramer on Home Depot, Tapestry, Nordstrom and Square

Jim Cramer on Home Depot, Tapestry, Nordstrom and Square