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Monopoly maker Hasbro misses quarterly estimates as toy demand slumps

Sluggish demand from a pullback in leisure spending led to cautious inventory planning by retailers like Walmart and Target. For fiscal year 2024, Hasbro's Consumer Products unit, which made up more than half of its fiscal 2023 sales, is expected to decline 7% to 12%. "The Consumer Products segment remains Hasbro's biggest challenge," said James Zahn, editor-in-chief of The Toy Book magazine.
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Source: yahoo.com

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