The force was not with Hasbro during the holidays.
The toymaker said Wednesday that sales of "Star Wars" and "Frozen" toys lagged during the fourth quarter.
Hasbro also reported fourth-quarter earnings that far exceeded expectations, but revenues that fell short.
Hasbro shares jumped more 3 percent in early trading, reversing a 5 percent fall in the premarket.
Here's what Hasbro reported compared with projections by a Thomson Reuters survey of analysts:
- Adjusted EPS: $2.30 vs. $1.80 expected.
- Revenue: $1.60 billion vs. $1.72 billion projected.
Hasbro said earnings in the latest period took a $2.35 per share hit from changes in the U.S. tax law. It said it posted a net loss of $5.3 million, or 4 cents per share, down from a net profit of $192.7 million, or $1.52 per share, a year ago.
"Overall consumer demand slowed in November and December both for the industry and for Hasbro," CEO Brian Goldner said in a statement. "A decline in Partner Brands and Europe revenues resulted in us not meeting our fourth quarter revenue expectations."
Hasbro's partner brands segment, which include "Star Wars," "Frozen" and "Marvel" merchandise, slumped 21 percent in the fourth quarter.