Hasbro, the maker of Monopoly, reported a significant drop in holiday-quarter sales and profit, missing quarterly estimates due to a persistent demand weakness in the toy industry. The company's stock plunged as its profit fell well below expectations, marking its worst day in four years. Adjusted EPS was reported at $0.38, against an estimate of $0.66, while sales were $1.29B, missing the estimated $1.36B. This downturn reflects broader challenges in the toy sector, with Hasbro vowing to cut costs and rationalize toy lines in response to the bleak results. Shares of Hasbro have declined 50% over the past two years and have remained flat over the last decade. The stock was down 9.8% pre-market.
$HAS down 5% after reporting bleak results and vowing to rip out costs as toy lines are rationalized. No word on the long awaited Stretch Armstrong movie but it doesn’t look great. Hasbro shares off 50% in 2yrs, flat for the last decade. This is a sad call. https://t.co/jJlWT9XkWO
Hasbro stock plunges after revenue drop, downbeat outlook https://t.co/jyolOzOVYA
⚠️ MOODY'S POSTS Q4 PROFIT BELOW ESTS AS CREDIT RATINGS UNIT DISAPPOINTS; NAMES NEW CFO (Reuters) Moody's Corp on Tuesday missed estimates for fourth-quarter profit, as the performance of its credit ratings and assessment unit fell short of expectations. The New York-based… https://t.co/Ak9oyypkQn
$HAS (-9.8% pre) Hasbro’s stock plunges after another profit miss, downbeat sales outlook - MW https://t.co/mFwgBSflC9
Hasbro Stock Slumps After Earnings Miss Estimates and Guidance Disappoints https://t.co/Pq3bRTKH8M
Hasbro stock plunges as toy maker's profit misses estimates https://t.co/PK7NEld3hK
Hasbro’s stock plunges toward worst day in four years after profit falls well below expectations https://t.co/gegXmrVNyZ
⚠️ MONOPOLY MAKER HASBRO MISSES QUARTERLY ESTIMATES ON SLUMPING TOY DEMAND (Reuters) Hasbro reported a steeper-than-expected drop in holiday-quarter sales and profit on Tuesday, as a persistent demand weakness in the toy industry weighed on sales of the company's digital and… https://t.co/gZZCFECHrj
$HAS | Hasbro Q4 Earnings: - Adj. EPS $0.38 (Est. $0.66) - Sales $1.29B (Est. $1.36B)