HAS - Why Toy Maker Hasbro's Shares Are Shooting Higher Today | Benzinga
Hasbro Inc (NASDAQ:HAS) shares are trading higher after the company reported a first-quarter FY24 sales decline of 24.4% year-on-year to $757.30 million, beating the consensus estimate of $738.61 million.
The revenue decline was driven primarily by the eOne film and television divestiture; excluding the divestiture, revenue declined by 9%.
Segment Revenue: Consumer Products declined 21%, Wizards of the Coast and Digital Gaming increased 7%. Entertainment segment revenues plunged 85%, impacted by the sale of eOne Film and TV in December ...