Hasbro Inc (HAS) Faces Headwinds Amid Transformation: A 2023 Earnings Overview
Challenging Year Leads to Revenue Decline and Operating Losses
Source: yahoo.com
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Challenging Year Leads to Revenue Decline and Operating Losses
Hasbro executives emphasized that they are playing the long game, and that their turnaround strategy involves some short term pain.
HAS earnings call for the period ending December 31, 2023.
Hasbro’s disappointing fourth quarter – sales tumbled 23% compared to a year ago, the company said on Tuesday – comes on the heels of archrival Mattel’s flat sales forecast for 2024 last week.
RI-based global toy company Hasbro reported a decline of 20% to its fourth-quarter revenue and issued a downbeat 2024 forecast on Tuesday.