HAS - Why Monopoly Game Owner Hasbro's Shares Are Diving Today | Benzinga
Hasbro Inc (NASDAQ:HAS) shares are trading lower after the company reported fourth-quarter FY23 results.
Sales declined 23% Y/Y to $1.289 billion, missing the analyst consensus estimate of $1.355 billion.
Segment Revenue: Consumer Products fell 25% Y/Y, Entertainment segment decreased 49% Y/Y, while Wizards of the Coast and Digital Gaming increased 7% Y/Y.
Selling, distribution, and administration costs fell to $430.4 million from $666.0 million the prior year quarter.
The company reported an operating loss of $(1.20) billion versus $(125.7) million a year earlier.
Adjusted EBITDA for the quarter declined to $10.6 million from $327.2 ...