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Hasbro beat profit and sales forecasts as it slashed inventory and got a lift from sales of digital games, news that sent its shares nearly 12% higher on Wednesday.
Hasbro reports a 24.4% year-on-year sales decline in first-quarter FY24, totaling $757.30 million. However, the company beats analyst estimates, with adjusted EPS of $0.61 outperforming the consensus of $0.27. Hasbro's operating margin expands significantly, reaching 15.3%.
Issues 2024 Guidance with Improved Profit Growth and Declares Quarterly Dividend ...
Dublin, Feb. 07, 2024 (GLOBE NEWSWIRE) -- The
/PRNewswire/ -- The "Global Collagen Market by Product Type, Applications (Nutritional Products, Food & Beverages Products, Pharmaceuticals Products, Cosmetics...