Reported 1 day ago
Hasbro announced a $1 billion cost-savings strategy amid low demand for its toys, with its shares rising 11% despite an annual revenue forecast that underwhelmed investor expectations. The company plans to achieve mid-single digit revenue growth and improve operating profit margins by 50-100 basis points by 2027. Even with a slight revenue increase expected, Hasbro's projections suggest challenges ahead, affected by U.S. tariffs on imports from China and concerns over consumer spending amid rising inflation.
Source: YAHOO