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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 Generation” and “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
