Toy manufacturers are revealing dismal results for the holiday season as shoppers scooped up far fewer dolls and action figures than last year – and experts say there’s no relief in sight.Hasbro’s disappointing fourth quarter – sales tumbled 23% compared to a year ago, the company said on Tuesday – comes on the heels of archrival Mattel’s flat sales forecast for 2024 last week.Despite the box office success of the Barbie movie that also goosed sales of Barbie dolls, Mattel’s chief executive Ynon Kreiz is s ...

Hasbro may be seeing digital growth via its gaming business, but as consumers buy fewer nice-to-have products, the toys and games company continues to struggle.The Rhode Island-based company shared in its fourth quarter and full year 2023 financial results that it saw a 10% year-over-year revenue increase in its “Wizards of the Coast and Digital Gaming Segment” for the year, but this digital growth came amid a 15% decline in revenue overall.“Our investments in digital and digital gaming are foundational to ...

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 and ...

Monopoly maker Hasbro had a rough 2023, with sales down 23% in the fourth quarter. (Photo by Scott ... [+] Olson/Getty Images)Getty ImagesHasbro executives tried to put a positive spin on their 2023 results, released today, saying steep revenue declines reflect costs associated with its efforts to transform itself into a leaner, more focused, and more profitable toy company.The toy manufacturer reported fourth quarter sales of $1.28 billion, down 23% from the previous year, below analysts expectations. Full ...

For the quarter ended December 2023, Hasbro (HAS) reported revenue of $1.29 billion, down 23.2% over the same period last year. EPS came in at $0.38, compared to $1.31 in the year-ago quarter.The reported revenue represents a surprise of -6.17% over the Zacks Consensus Estimate of $1.37 billion. With the consensus EPS estimate being $0.64, the EPS surprise was -40.63%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

A monopoly game sits under the Hasbro logo during Brand Licensing Europe at ExCel on November 18, 2021 in London, England.Toy company Hasbro reported a more than 20% hit to its fourth-quarter revenue and issued a downbeat 2024 forecast Tuesday morning. Shares of the company plunged about 10% in premarket trading.Here's how Hasbro performed in the fourth quarter compared with estimates from LSEG, formerly known as Refinitiv:Earnings per share: 38 cents vs. 66 cents per share expected.Revenue: $1.29 billion v ...

Reconciliation of EBITDA and Adjusted EBITDA (1) Quarter Ended Year Ended | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------|-------|---------------------|-------|---------------------|-------|---------------------|-------|---------------------| | | | December 31. \n2023 | | December 25. \n2022 | | December 31, \n2023 | | December 25, \n2022 | | Net Earnings (Loss) Attributable to Hasbro, Inc. | � | (1,061.1) | ട | (128. ...

Shares of Hasbro Inc. HAS, +1.38% plunged 12.1% toward their worst performance in four years in premarket trading Tuesday, after the toy maker reported fourth quarter results that fell well short of expectations, amid sharp drops in consumer and entertainment sales. Net losses jumped to $1.06 billion, or $7.64 a share, from $128.9 million, or 93 cents a share, in the year-ago period. Excluding nonrecurring items, such as impairment of goodwill, adjusted earnings per share of 38 cents was down from $1.31 an ...

PAWTUCKET, R.I.--(BUSINESS WIRE)--Hasbro, Inc. (NASDAQ: HAS), a leading toy and game company, today reported financial results for the fourth quarter and full year 2023. “Guided by our strategy of “Fewer, Bigger, Better,” we had important wins across both toys and games while making progress in our transformation during a challenging 2023. Despite the macroeconomic backdrop, we are entering 2024 with a healthier balance sheet, a leaner cost structure, and a diverse portfolio of industry-leading toy and g ...

Wizards of the Coast looks back on five decades of gaming history and looks forward to updating THE WORLD'S GREATEST ROLEPLAYING GAME(tm) for all audiences RENTON, Wash., Feb. 12, 2024 /PRNewswire/ -- Out of a small cobbler's home in Lake Geneva, Wisconsin in 1974, generations of dreamers and adventure-seekers were inspired with the publication of the first version of Dungeons & Dragons. The tiny black text and line drawings printed on those first pamphlets have grown into beautifully illustrated tomes, met ...