Reported about 14 hours ago
Hasbro is navigating tariff challenges by increasing prices on select popular products, as CEO Chris Cocks explained in a recent interview. Despite these adjustments, the company aims to keep half of its offerings under $20 while implementing a $1 billion cost-savings plan. Hasbro's revenue rose 8% to $1.39 billion in Q3, and the company remains optimistic about future sales, bolstered by new product launches targeting high-end and collectible markets. However, families in lower income brackets exhibit more price sensitivity, creating a divided consumer landscape.
Source: YAHOO