Will cost cuts be enough for Hasbro to thrive in 2024?
Hasbro(HAS) MarketBeat·2024-01-03 20:05
Key PointsHasbro's revenues have declined for five consecutive quarters.Hasbro sold its eOne film and TV production business to focus on the business of play.Hasbro announced additional layoffs of 900 workers for a 20% headcount reduction to generate $350 million to $400 million in annual run rate cost savings by the end of 2025.5 stocks we like better than HasbroGlobal toy and entertainment company Hasbro Inc. NYSE: HAS had a weak 2023 as shares fell 17.5% compared to the 24.8% gain for the S&P 500 index. ...