Hasbro (HAS) reports Q3 earnings


A worker arranges boxes of Hasbro board games on a shelf at a Target Corp. location in Emeryville, California.

David Paul Morris | Bloomberg | Getty Images

Hasbro reported third-quarter earnings Tuesday morning that fell short of analysts’ expectations as inflation weighed on consumers and the company contended with high levels of inventory.

The toy maker also faced tough comparisons from a year ago when it benefitted from multiple film releases such as “My Little Pony: A New Generationand “Come From Away.” Surging inflation added to the pressure.

“As expected, the third quarter is our most difficult comparison and was further impacted by increasing price sensitivity for the average…

Source cnbc.com

0 0 votes
Article Rating

Homebuilder sentiment drops to half of what it was six months ago

Previous article

Apple iPhone maker Foxconn says it wants to make cars for Tesla

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Earnings