Reported 1 day ago
Hasbro's stock surged 11% after the company reported a significant increase in profits and optimistic long-term guidance. CEO Chris Cocks emphasized plans to cut $1 billion in costs by 2027 while noting stabilization in the toy industry. Despite challenges posed by anticipated tariffs, including a proposed reciprocal tariff from President Trump, the company remains focused on maintaining product value and exploring price adjustments to offset costs.
Source: YAHOO