HAS - Hasbro Analysts Cut Their Forecasts After Q3 Results | Benzinga
Hasbro Inc (NASDAQ: HAS) reported worse-than-expected sales for its third quarter on Thursday.
Hasbro reported a third-quarter FY23 sales decline of 10% year-on-year to $1.503 billion, missing the analyst consensus estimate of $1.644 billion. Adjusted EPS of $1.64 missed the analyst consensus estimate of $1.70.
Hasbro said it sees FY23 revenue to decline 13%-15%, versus previous view of down 3% - 6%, driven by a softer toy outlook in Consumer Products.
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