Hasbro's (HAS) Stock Down on Q4 Earnings & Revenue Miss
HASHasbro(HAS) Zacks Investment Research·2024-02-14 01:16

Hasbro, Inc. (HAS) reported tepid fourth-quarter 2023 results, wherein earnings and revenues missed the Zacks Consensus Estimate and declined year over year. The quarter’s downtrend was primarily attributable to the low contributions from the Consumer Products and Entertainment segments, partially offset by growth in the Wizards of the Coast and Digital Gaming segment. The challenging macroeconomic scenario was discouraging for the company’s prospects. Nonetheless, the company’s intent focus on enhancing an ...