Hasbro projects annual revenue below expectations as economic pressures weigh on toy sales
The toy maker expects lower annual growth as consumers pull back on non-essential spending. Despite a strong holiday quarter, tariff pressures impact sales.
Insights:
Hasbro, Inc. announced on Tuesday that its annual revenue growth for the upcoming year is expected to fall between 3% and 5%, missing the 5.16% average estimate compiled by LSEG. The company issued this guidance alongside its fourth-quarter financial results, which actually showed a revenue beat. To bolster shareholder value during this period, the board also authorized a $1 billion share repurchase program.
