Hasbro‘s 2023 outlook might feel like déjà vu. At first, anyway.
The toymaker on Thursday announced its fourth-quarter results while issuing conservative guidance for the year, mimicking the modest expectations it had when it entered 2022.
Hasbro is maintaining some optimism though, pointing to key bright spots from releases like Transformers and its growing Wizards of the Coast gaming division, which houses Dungeons & Dragons, along with the turnaround plan it announced in October.
Shares were flat by market close on Thursday.
Hasbro projected that full-year revenue will decline in 2023, but forecasted that the majority of the squeeze will be felt in the first half of the year. Hasbro…