Check out the latest Hasbro earnings call transcript.
The drop pushed shares into modestly negative territory for the full year, down 11% compared with the market's 6% decline.
Hasbro didn't update investors on its sales trends last month, so much of the stock's decline likely had to do with the market's historic drop. It's last quarterly report, in late October, showed that the toy giant is still working through issues caused by the liquidation of Toys R Us, a key distributor. Revenue dropped to $3.1 billion over the past nine months from $3.6 billion in the year-ago period, and operating profit dove to $320 million, or 10% of sales, from $539 million, or 15% of sales.
The operating decline should be short-lived as Hasbro quickly shifts to other partners to distribute its toys and games. CEO Brian Goldner recently told investors that a "growing array of retailers" were seeking its products for the key holiday shopping season.
Investors are still nervous that the industry disruption could open the door to new rivals including Amazon. But for now, the focus will be on how well the company performed over the holidays when it reports year-end results in early February.